The Relative Strength (RS) Rating for ABM Industries moved into a higher percentile Monday, as it got a lift from 67 to 74.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest runs. See if ABM Industries can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
ABM Industries is trying to complete a consolidation with a 59.78 entry. See if it can break out in volume at least 40% above average. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.
While earnings-per-share growth fell in the company's most recent performance report from 19% to -11%, sales rose 4%, up from 3% in the previous report.
ABM Industries holds the No. 7 rank among its peers in the Building-Maintenance & Services industry group. EMCOR Group, Frontdoor and IES Holdings are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Price Performance?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
