In a welcome move, KB Home saw its Relative Strength Rating rise from 70 to 73 on Friday.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they launch their biggest climbs. See if KB Home can continue to show renewed price strength and clear that threshold.
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KB Home is trying to complete a consolidation with an 89.70 buy point. See if it can break out in heavy volume.
KB Home saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 11% to 13%. Revenue rose from -3% to 10%.
KB Home holds the No. 10 rank among its peers in the Building-Residential/Commercial industry group. Green Brick Partners, Taylor Morrison Home and M/I Homes are among the top 5 highly rated stocks within the group.
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