On Friday, Carbo Ceramics ( CRR ) reached a noteworthy technical benchmark, with its Relative Strength ( RS ) Rating jumping into the 90-plus percentile with an upgrade to 93, a rise from 88 the day before.
[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade 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 shows that the best stocks typically have an RS Rating of above 80 in the early stages of their moves.
Carbo Ceramics is not currently near a potential buying area. See if the stock goes on to build a base that could ignite a new run.
While earnings growth fell last quarter from 0% to -302%, revenue rose 148%, up from 111% in the previous report. Keep an eye out for the company's next round of numbers on or around Jan. 26.
Carbo Ceramics holds the No. 30 rank among its peers in the Chemicals-Specialty industry group. Ferro ( FOE ), KMG Chemicals ( KMG ) and Chase ( CCF ) are among the top 5 highly rated stocks within the group.
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