Dycom Industries Hits RS Rating Benchmark

When putting together your watch list, look for stocks with an 80 or higher RS Rating. Dycom Industries (DY) just met that criteria with a new score of 84.


When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.

Over 100 years of market history reveals that the top-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs.

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Dycom Industries has moved more than 5% past a 43.22 entry in a first-stage cup with handle, meaning it’s now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

In terms of revenue and profits, Dycom Industries has posted three quarters of rising earnings growth. Top line growth has not followed the same trajectory, coming in at -8% last quarter. Dycom Industries is expected to release its next quarterly numbers on or around Feb. 26.

The company holds the No. 11 rank among its peers in the Telecom-Infrastructure industry group. Cambium Networks (CMBM) and Ubiquiti Networks (UI) are also among the group’s highest-rated stocks.


IBD Stock Rating Upgrades: Rising Relative Strength

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