One important metric to look for in a stock is an 80 or higher Relative Strength Rating. TopBuild just hit that mark, with a jump from 79 to 86 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their biggest price moves.
TopBuild is trying to complete a cup without handle with a 495.68 entry. See if it can clear the breakout price in volume at least 40% above average.
While the company's top line growth fell last quarter from -4% to -5%, EPS grew -2%, up from -4% in the previous report.
TopBuild holds the No. 6 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Acuity, Armstrong Wrld Ind and Tecnoglass 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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