American Woodmark had its Relative Strength (RS) Rating upgraded from 65 to 72 Tuesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their biggest price moves. See if American Woodmark can continue to rebound and clear that threshold.
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American Woodmark is trying to complete a consolidation with a 106.57 entry. See if the stock can break out in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
American Woodmark reported negative growth for both sales and earnings last quarter. American Woodmark is expected to release its next quarterly numbers on or around Nov. 28.
American Woodmark earns the No. 23 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products, Tecnoglass and Armstrong Wrld Ind are among the top 5 highly rated stocks within the group.
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