The Relative Strength (RS) Rating for Beazer Homes entered a higher percentile Thursday, as it got a lift from 67 to 72.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of above 80 as they begin their largest price moves. See if Beazer Homes can continue to show renewed price strength and hit that benchmark.
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Beazer Homes is working on a consolidation with a 35.20 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth dropped in the company's most recent report from -14% to -38%, but the top line rose from 0% to 4%. The company is expected to report its latest performance numbers on or around Nov. 13.
The company holds the No. 17 rank among its peers in the Building-Residential/Commercial industry group. Green Brick Partners, Taylor Morrison Home and Tri Pointe Homes are among the top 5 highly rated stocks within the group.
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