Steel Dynamics Sees Composite Rating Improve To 96

Steel Dynamics (STLD) saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 94 the day before.


The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.

Steel Dynamics has now climbed above a proper buy zone after breaking out from a 42.20 entry in a cup without handle.

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The stock sports an 84 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 84% of all stocks.

Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

The company posted a 56% earnings gain for Q4. That marks two straight quarters of rising EPS growth. Sales growth increased 11%, up from -8% in the prior quarter. That marks two quarters of increasing revenue gains. The company’s next quarterly report is expected on or around Apr. 20.

Steel Dynamics holds the No. 3 rank among its peers in the Steel-Producers industry group. Ternium (TX) is the top-ranked stock within the group.

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