The Relative Strength (RS) Rating for GMS headed into a higher percentile Thursday, as it got a lift from 70 to 77.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an 80 or higher RS Rating as they begin their largest price moves. See if GMS can continue to rebound and hit that benchmark.
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GMS is building a consolidation with a 101.04 buy point. See if it can break out in volume at least 40% higher than normal. It's a later-stage pattern, and investors should be aware that those are less likely to work.
The company reported -23% earnings growth last quarter, 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 holds the No. 13 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind, Interface and Mueller Water Products are among the top 5 highly rated stocks within the group.
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