Griffon had its Relative Strength (RS) Rating upgraded from 64 to 71 Tuesday — a welcome improvement, but still short of the 80 or higher score you look for.
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This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Griffon can continue to show renewed price strength and clear that threshold.
Griffon is working on a consolidation with an 86.73 entry. See if the stock can break out in heavy volume.
The company reported negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Jul. 31.
The company holds the No. 8 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind, Acuity and Core & Main 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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