Kaiser Aluminum had its Relative Strength (RS) Rating upgraded from 67 to 73 Wednesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Kaiser Aluminum can continue to show renewed price strength and clear that threshold.
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Kaiser Aluminum is not currently showing a potential entry point. See if the stock goes on to form a promising consolidation that could ignite a new run.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -48% to 11%. Revenue rose from -5% to 1%.
Kaiser Aluminum holds the No. 13 rank among its peers in the Metal-Fabricators industry group. Northwest Pipe, RBC Bearings and Valmont Industries are among the top 5 highly rated stocks within the group.
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