The Relative Strength (RS) Rating for Hovnanian Enterprises A entered a new percentile Thursday, with a rise from 78 to 82.
Looking For The Best Stocks To Buy And Watch? Start Here
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History reveals that the market's biggest winners often have an RS Rating of above 80 as they begin their biggest runs.
While Hovnanian Enterprises A is not near an ideal buy point right now, see if it goes on to form and break out of a proper base.
Earnings growth dropped last quarter from -64% to -80%. But revenue moved higher, from -3% to 11%.
Hovnanian Enterprises A earns the No. 10 rank among its peers in the Building-Residential/Commercial industry group. Comstock Holding Cl A, Toll Brothers and Millrose Properties Cl A 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.
RELATED:
Homebuilder Stocks To Watch And Real Estate Industry News
