On Thursday, Masco Corp earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 74.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
History reveals that the top-performing stocks often have an RS Rating north of 80 as they begin their biggest runs. See if Masco stock can continue to rebound and clear that threshold.
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Is Masco Stock A Buy?
Masco stock rose almost 8% Thursday on positive Q2 earnings results. The home improvement stock is working on a consolidation with a 78.94 buy point. See if it can break out in volume at least 40% higher than normal.
The maker of Behr paint and Delta faucets posted Q2 earnings of $1.20 per share, beating analysts estimates of $1.18. Masco pulled in $2.09 billion in revenue, down 1.7% from $2.10 estimate.
Masco Corp stock holds the No. 26 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind, Mueller Water Products and Griffon are among the top 5 highly rated stocks within the group.
