LSI Industries saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 91 the day before.
Looking For The Best Stocks To Buy And Watch? Start Here
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
LSI Industries is currently forming a cup without handle, with a 25.50 entry. See if the stock can break out in volume at least 40% higher than normal. Be aware that it's a thinly traded stock, with average daily dollar volume under $8 million. Less liquid stocks are more prone to large daily or weekly fluctuations since it takes fewer shares traded to move the share price significantly.
The stock sports an 89 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 89% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 21% earnings growth. Top line growth came in at 20%, down from 22% in the prior quarter.
LSI Industries earns the No. 4 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Acuity is the top-ranked stock 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.
