Acuity saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 70 to 78.
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IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of at least 80 as they launch their largest runs. See if Acuity can continue to rebound and hit that benchmark.
Acuity is in a buying range after moving past a 310.09 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
Taking a look at revenue and profit performance, Acuity has posted two quarters of increasing earnings growth. Sales gains have also risen during the same period.
The company holds the No. 1 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind and Masonglory are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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