Builders FirstSource stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 77 to 84.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Is Builders FirstSource Stock A Buy?
Builders FirstSource stock is trying to complete a cup with handle with a 185.20 buy point. See if it can break out in volume at least 40% above average. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.
The building materials supplier posted -10% earnings growth in the latest quarterly report, while sales growth came in at -2%.
Builders FirstSource stock holds the No. 13 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind, Tecnoglass and Interface are among the top 5 highly rated stocks within the group.
