The Relative Strength (RS) Rating for DR Horton jumped into a new percentile Thursday, with a rise from 75 to 83.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves.
DR Horton is building a cup without handle with a 199.85 buy point. See if it can clear the breakout price in heavy trading.
Although earnings and sales growth came in at -18% and -7%, respectively, in the latest report, that marked acceleration for both the top and bottom lines.
DR Horton holds the No. 10 rank among its peers in the Building-Residential/Commercial industry group. Comstock Holding Cl A, Millrose Properties Cl A and Taylor Morrison Home are among the top 5 highly rated stocks 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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