The Relative Strength (RS) Rating for United States Steel climbed into a new percentile Friday, with an increase from 63 to 83.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of over 80 as they begin their biggest climbs.
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United States Steel stock is trying to complete a double bottom with a 26.27 buy point. See if it can break out in volume at least 40% above average.
Earnings growth increased last quarter from 0% to 1,448%. But revenue gains fell from 155% to 119%.
United States Steel stock earns the No. 5 rank among its peers in the Steel-Producers industry group. Steel Dynamics and Grupo Simec are also among the group's highest-rated stocks.
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