Watsco had its Relative Strength (RS) Rating upgraded from 80 to 83 Wednesday.
IBD's unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest price moves.
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Watsco is trading within a buying range after moving past a 520.41 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
Watsco showed -3% earnings growth last quarter, while sales growth came in at 2%.
Watsco holds the No. 9 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA, Trane Technologies and CSW Industrials are among the top 5 highly rated stocks within the group.
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