The Relative Strength (RS) Rating for Core & Main jumped into a higher percentile Monday, as it got a lift from 66 to 74.
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This exclusive rating from Investor's Business Daily measures share price performance 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.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 as they begin their largest climbs. See if Core & Main can continue to rebound and clear that threshold.
Core & Main broke out earlier, but has fallen back below the prior 54.40 entry from a cup with handle. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also keep in mind that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
While EPS growth decreased in the company's most recent performance report from 6% to -3%, revenue rose 18%, up from 12% in the previous report. The next quarterly results are expected on or around Jun. 10.
The company earns the No. 3 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Tecnoglass 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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