DR Horton saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 67 to 75.
Can You Really Time The Stock Market?
This proprietary rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if DR Horton can continue to show renewed price strength and clear that threshold.
DR Horton is not currently near a potential buy zone. See if the stock goes on to build a sound pattern that could spark a new run.
Although earnings and sales growth came in at -18% and -7%, respectively, in the latest report, that showed improvement for both the top and bottom lines.
DR Horton earns the No. 7 rank among its peers in the Building-Residential/Commercial industry group. Comstock Holding Cl A, Millrose Properties Cl A and Taylor Morrison Home 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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