Summit Materials ( SUM ) saw a positive improvement to its Relative Strength ( RS ) Rating on Friday, with an upgrade from 69 to 72.
[ibd-display-video id=2385970 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Summit Materials can continue to show renewed price strength and clear that threshold.
See How IBD Helps You Make More Money In Stocks
While now is not an ideal time to buy shares, see if the stock goes on to establish and enter a buying range in heavy volume.
Earnings growth slowed last quarter from -22% to -34%. But revenue gains moved higher, from 18% to 20%.
Summit Materials holds the No. 8 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. ( LOMA ), Eagle Materials ( EXP ) and Martin Marietta Materials ( MLM ) are among the top 5 highly rated stocks within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
