In a welcome move, Interface saw its Relative Strength Rating rise from 63 to 72 on Tuesday.
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IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they begin their largest runs. See if Interface can continue to show renewed price strength and clear that threshold.
Interface has climbed more than 5% past an 18.47 entry in a third-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Interface showed 4% earnings growth in its most recent report, while sales growth came in at 3%.
The company holds the No. 14 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Tecnoglass, Armstrong Wrld Ind and Watts Water Tech 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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