The Relative Strength (RS) Rating for Summit Materials stock entered a new percentile Friday, with a rise from 79 to 88.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest price moves.
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Is Summit Materials Stock A Buy?
Summit Materials stock is trying to complete a consolidation with a 39.56 entry. See if the building material stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings grew 19% last quarter, up from 0% in the prior report. Revenue also increased, from 3% to 6%. The next quarterly numbers are expected on or around Nov. 1.
Summit Materials stock holds the No. 4 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. CRH and Martin Marietta are also among the group's highest-rated stocks.
