On Monday, Lowe's got an upgrade to its Relative Strength (RS) Rating, from 69 to 73.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if Lowe's can continue to rebound and clear that threshold.
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Lowe's is trying to complete a cup without handle with a 223.41 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company reported 5% earnings growth last quarter, while sales growth came in at -6%.
Lowe's earns the No. 4 rank among its peers in the Retail/Wholesale-Building Products industry group. Tractor Supply and SiteOne Landscape Supply are also among the group's highest-rated stocks.
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