When building your watch list, look for stocks with an 80 or higher RS Rating. Spectrum Brands Holdings stock just met that criteria with a new score of 87.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Is Spectrum Brands Holdings Stock A Buy?
Spectrum Brands Holdings stock is still inside a buying range after climbing above a 67.72 buy point in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
The consumer products company showed 0% EPS growth in the latest quarterly report. Sales rose -6%. The next quarterly numbers are expected on or around May 12.
Spectrum Brands Holdings stock earns the No. 29 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Core & Main and PGT Innovations are also among the group's highest-rated stocks.
