West Fraser Timber had its Relative Strength (RS) Rating upgraded from 67 to 73 Wednesday — a welcome improvement, but still short of the 80 or better score you look for.
IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating of above 80 as they begin their biggest price moves. See if West Fraser Timber can continue to show renewed price strength and clear that threshold.
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West Fraser Timber is building a flat base with a 102.40 buy point. See if the stock can break out in volume at least 40% above average.
The company showed 0% earnings growth in its most recent report. Sales rose -16%.
The company earns the No. 4 rank among its peers in the Building-Wood Products industry group. Louisiana-Pacific is the top-ranked stock within the group.
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