On Monday, Owens Corning stock received a positive adjustment to its Relative Strength (RS) Rating, from 70 to 74.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of at least 80 as they launch their biggest runs. See if Owens Corning stock can continue to rebound and clear that threshold.
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Is Owens Corning Stock A Buy?
Owens Corning stock is in a buying range after climbing above a 179.59 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
While the company's bottom line growth declined in the company's most recent quarterly report from 28% to 9%, the top line grew 9%, up from -1% in the previous report. The company is expected to report its latest numbers on or around Nov. 6.
Owns Corning stock holds the No. 10 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind, Mueller Water Products and Interface are among the top 5 highly rated stocks within the group.
