The Relative Strength (RS) Rating for GMS entered a new percentile Wednesday, with a rise from 76 to 81.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating north of 80 as they launch their biggest price moves.
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GMS is still inside a buying range after climbing above a 101.04 buy point in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
GMS posted -23% earnings growth in its most recent report, while sales growth came in at 3%. The company is expected to report its latest earnings and sales numbers on or around Dec. 5.
The company earns the No. 14 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products, Armstrong Wrld Ind and Tecnoglass are among the top 5 highly rated stocks within the group.
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