The Relative Strength (RS) Rating for Griffon stock entered a new percentile Thursday, with a rise from 64 to 88.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior 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 typically have an RS Rating of over 80 as they launch their biggest runs.
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Is Griffon Stock A Buy?
Griffon stock is still inside a buying range after clearing a 77.99 entry in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 24%, compared to -4% in the prior report. Revenue increased from -5% to 3%.
Griffon stock holds the No. 9 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products, Interface and Armstrong Wrld Ind are among the top 5 highly rated stocks within the group.
