Ternium (TX) had its Relative Strength (RS) Rating upgraded from 79 to 83 Tuesday.
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This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves.
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Ternium is working on a cup without handle with a 34.09 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings grew 48% last quarter, up from -89% in the prior report. Revenue also increased, from -37% to -13%.
The company earns the No. 3 rank among its peers in the Steel-Producers industry group. Steel Dynamics (STLD) and Ternium (TX) are also among the group’s highest-rated stocks.
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The post Stock Upgrades: Ternium Shows Rising Relative Strength appeared first on Investor's Business Daily.
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