On Friday, Griffon earned a positive adjustment to its Relative Strength (RS) Rating, from 67 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
Decades of market research reveals that the best stocks often have an 80 or higher RS Rating as they launch their largest runs. See if Griffon can continue to show renewed price strength and clear that threshold.
Griffon is building a consolidation with an 86.73 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher last quarter. Earnings were up 21%, compared to -9% in the prior report. Revenue increased from -9% to -5%.
Griffon earns the No. 9 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Acuity, Armstrong Wrld Ind and LSI Industries 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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