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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.




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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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