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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

IBD Rating Upgrades: Eagle Materials Flashes Improved Relative Price Strength

In a welcome move, Eagle Materials saw its Relative Strength Rating improve from 70 to 73 on Wednesday.

As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action 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 north of 80 in the early stages of their moves. See if Eagle Materials can continue to rebound and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

Eagle Materials is not currently offering a proper buying opportunity. See if the stock goes on to build a promising consolidation that could spark a new run.

Earnings growth rose last quarter from 32% to 42%, but revenue fell from 12% to 11%. Look for the next report on or around Oct. 29.

The company earns the No. 1 rank among its peers in the Building-Cement/Concrete/Aggregates industry group.

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