Floor & Decor had its Relative Strength (RS) Rating upgraded from 88 to 91 Wednesday. Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
Floor & Decor is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could ignite a new run.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
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Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
Floor & Decor posted 13% earnings growth in its most recent report. Revenue gains came in at 20%. The maker of hard floor surfaces is expected to report its latest results on or around Feb. 21.
The company earns the No. 1 rank among its peers in the Retail/Wholesale-Building Products industry group. SiteOne Landscape Supply and Home Depot are also among the group's highest-rated stocks.
