Griffon had its Relative Strength (RS) Rating upgraded from 70 to 73 Friday — a welcome improvement, but still below the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves. See if Griffon can continue to show renewed price strength and hit that benchmark.
Griffon is building a consolidation with an 86.73 buy point. See if the stock can break out in heavy volume.
The company reported negative growth for both the top and bottom lines last quarter. Griffon is expected to release its next quarterly numbers on or around Jul. 31.
The company holds the No. 7 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Acuity, Armstrong Wrld Ind and Core & Main 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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