Core & Main saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 64 to 74.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Core & Main can continue to show renewed price strength and hit that benchmark.
Core & Main is building a cup with handle with a 54.40 entry. See if the stock can break out in heavy trade.
EPS growth decreased in the company's latest report from 6% to -3%, but sales rose from 12% to 18%. The next quarterly results are expected on or around Jun. 10.
The company earns the No. 5 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Tecnoglass is the No. 1-ranked stock within the group.
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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