In a welcome move, Ferguson Enterprises saw its Relative Strength Rating rise from 66 to 79 on Wednesday.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest climbs. See if Ferguson Enterprises can continue to rebound and hit that benchmark.
While Ferguson Enterprises is not near a proper buy point right now, see if it is able to form and break out of a proper base.
In terms of top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Top line growth has also moved higher over the same time frame.
The company holds the No. 5 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Acuity 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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