In a welcome move, PPG Industries stock saw its Relative Strength Rating improve from 64 to 76 on Wednesday.
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 measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if PPG Industries stock can continue to rebound and hit that benchmark.
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Is PPG Industries Stock A Buy?
Now is not an ideal time to jump in to PPG Industries stock since it isn't near a proper buy zone. Also, avoid adding shares when the stock market outlook is in correction. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The paint company posted -3% earnings growth in its most recent report. Sales rose 0%.
PPG Industries stock earns the No. 3 rank among its peers in the Chemicals-Paints industry group. RPM Intl and PPG Industries are also among the group's highest-rated stocks.
