When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Floor & Decor stock, which had its Relative Strength (RS) Rating upgraded from 76 to 82 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks 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.
Over 100 years of market history shows that the best-performing stocks often have an 80 or higher RS Rating as they begin their biggest climbs.
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Is Floor & Decor Stock A Buy?
Floor & Decor stock is working on a cup-shaped base with a 166.03 entry point. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to break out on heavy volume.
The building products retailer posted -13% earnings growth in the latest quarterly report. Revenue gains came in at 1%.
Floor & Decor stock earns the No. 4 rank among its peers in the Retail/Wholesale-Building Products industry group. Home Depot and Tractor Supply are also among the group's highest-rated stocks.
