The Relative Strength (RS) Rating for Lowe's Companies jumped into a new percentile Wednesday, as it got a lift from 67 to 72.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves. See if Lowe's Companies can continue to rebound and clear that threshold.
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While the stock is not near a proper buy point right now, it does look to be working on an upswing with today being a second positive day - so far. Let's see if it manages to form and break out of a proper consolidation with some volume.
Earnings Report
Earnings grew 10% last quarter, up from 9% in the prior report. Revenue also increased, from -3% to 0%.
The company earns the No. 7 rank among its peers in the Retail/Wholesale-Building Products industry group. Titan Machinery and Applied Industrial Technologies are also among the group's highest-rated stocks.
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