Reliance Steel & Aluminum Sees Relative Strength Rating Climb To 71

In a welcome move, Reliance Steel & Aluminum (RS) saw its Relative Strength Rating improve from 68 to 71 on Friday.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Reliance Steel & Aluminum can continue to show renewed price strength and clear that threshold.

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Reliance Steel & Aluminum has risen more than 5% past a 135.43 entry in a first-stage cup without handle, meaning it’s now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

In terms of fundamentals, Reliance Steel & Aluminum has posted three quarters of increasing earnings growth. Sales growth has also increased during the same period. Reliance Steel & Aluminum is expected to report its next quarterly numbers on or around Jul. 23.

The company holds the No. 9 rank among its peers in the Metal-Fabricators industry group. Commercial Metals (CMC) and Aluminum Corporation Of China (ACH) are also among the group’s highest-rated stocks.


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