Trex Company stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 74 to 81.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.
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Is Trex Company Stock A Buy?
Trex Company stock is building a consolidation with a 76.05 entry. See if the building materials stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Taking a look at revenue and profit performance, the decking material company has posted four quarters of accelerating earnings growth. Sales growth has also increased over the same time frame.
Trex stock earns the No. 6 rank among its peers in the Building-Construction Products/Miscellaneous industry group. TopBuild and James Hardie Indus ADR are also among the group's highest-rated stocks.
