When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Tecnoglass just met that criteria with a new score of 82.
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IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves.
Tecnoglass is working on a consolidation with a 90.34 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those entail more risk.
Earnings growth increased in the company's latest report from 31% to 39%, but sales fell from 23% to 15%. The company is expected to report its latest numbers on or around Aug. 7.
Tecnoglass holds the No. 3 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.
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