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MYR Group Stock Earns Membership In 95-Plus Composite Rating Club

The IBD SmartSelect Composite Rating for MYR Group (MYRG) increased from 94 to 96 Thursday. The electrical contracting services stock has a 94 Relative Strength Rating.

The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that’s an important benchmark to look for when looking for the best stocks to buy and watch.

MYR Group stock is extended and now out of buy range after breaking out from a 67.88 entry in a cup without handle. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 


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The stock earns a 96 EPS Rating, which means its recent quarterly and annual earnings growth tops 96% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

The Colorado-based company posted 98% earnings growth for Q1. Top line growth climbed 14%, up from 6% in the prior report. The company has now posted rising growth in each of the last two quarters.

MYR Group stock earns the No. 2 rank among its peers in the Building-Maintenance & Services industry group. Installed Building Products (IBP) is the No. 1-ranked stock within the group.

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