On Friday, Tecnoglass got an upgrade for its IBD SmartSelect Composite Rating from 90 to 97.
Lean How — And When — To Sell Stocks
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Tecnoglass is currently forming a consolidation, with an 86.99 buy point. See if the stock can break out in volume at least 40% higher than normal. But note that it's a later-stage base, and those involve more risk.
The stock has a 98 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company posted a 39% rise in earnings for Q1. That marks four straight reports with rising EPS gains. Revenue growth came in at 15%, down from 23% in the prior quarter.
Tecnoglass holds the No. 1 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind and Watts Water Tech are also among the group's highest-rated stocks.
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