In a welcome move, Lowe's Companies stock saw its Relative Strength Rating improve from 69 to 74 on Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks typically have an 80 or higher RS Rating as they launch their biggest price moves. See if Lowe's Companies stock can continue to show renewed price strength and clear that threshold.
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Is Lowe's Companies Stock A Buy?
Lowe's Companies stock is building a flat base with a 221.52 buy point. See if the stock can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
In terms of top and bottom line numbers, the home improvement retailer has posted rising EPS growth in each of the last two reports. Top line growth has also moved higher during the same period.
Lowe's Companies stock holds the No. 3 rank among its peers in the Retail/Wholesale-Building Products industry group. Floor & Decor Cl A and Home Depot are also among the group's highest-rated stocks.
