M/I Homes had its Relative Strength (RS) Rating upgraded from 64 to 80 Thursday.
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IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research reveals that the best stocks often have an 80 or better RS Rating as they begin their biggest price moves.
M/I Homes is building a cup without handle with a 176.18 buy point. See if it can clear the breakout price in heavy trade.
Earnings grew -14% last quarter, up from -17% in the prior report. Revenue also increased, from -7% to 5%.
The company holds the No. 5 rank among its peers in the Building-Residential/Commercial industry group. Comstock Holding Cl A 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.
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