Installed Bldg Products had its Relative Strength (RS) Rating upgraded from 76 to 82 Wednesday.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research shows that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
While the stock is not near an ideal buying range right now, see if it manages to form and break out of a proper chart pattern.
Earnings growth slowed last quarter from 15% to 8%. But sales moved higher, from 5% to 7%. The company is expected to report its latest earnings and sales numbers on or around Nov. 7.
The company holds the No. 4 rank among its peers in the Building-Maintenance & Services industry group. EMCOR Group is the No. 1-ranked stock within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
