On Friday, Core & Main Inc Cl A reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 80, up from 70 the day before.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating of above 80 as they launch their biggest price moves.
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While Core & Main Inc Cl A is not near a proper entry right now, see if it is able to form and break out of a proper consolidation.
In terms of fundamentals, the company has posted four quarters of rising earnings growth. Sales gains have also increased over the same time frame.
The company earns the No. 17 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Builders Firstsource and TopBuild are also among the group's highest-rated stocks.
