Axalta Coating Systems had its Relative Strength (RS) Rating upgraded from 68 to 72 Tuesday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating of above 80 as they launch their biggest runs. See if Axalta Coating Systems can continue to rebound and hit that benchmark.
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Axalta Coating Systems is building a consolidation with a 41.66 entry. See if the stock can break out in volume at least 40% higher than normal.
The company reported 31% EPS growth last quarter, while sales growth came in at 1%. The company is expected to report its latest results on or around Feb. 4.
Axalta Coating Systems holds the No. 3 rank among its peers in the Chemicals-Paints industry group. RPM International is the No. 1-ranked stock within the group.
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