Ferguson Enterprises had its Relative Strength (RS) Rating upgraded from 80 to 83 Monday.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs.
Ferguson Enterprises broke out earlier, but has fallen back below the prior 225.63 entry from a consolidation. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also understand that the most recent pattern is a later-stage base, and those involve more risk.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 8%, compared to -13% in the prior report. Revenue increased from 3% to 4%.
Ferguson Enterprises earns the No. 6 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind, Acuity and Core & Main are among the top 5 highly rated stocks 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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