Century Communities saw its IBD SmartSelect Composite Rating jump to 97 Friday, up from 93 the day before.
The new score tells you the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Century Communities is not currently near a proper buy zone. The stock has cleared some key moving averages as it has started to move upward. There appears to be resistance at $56 according to a MarketSmith chart. Look for the stock to form and break out of a new chart pattern.
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The stock has a 97 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Earnings Report
The company reported a 22% EPS gain for Q3. Top line growth rose 19%, up from 12% in the prior report. That marks two consecutive reports with increasing revenue gains.
Century Communities holds the No. 11 rank among its peers in the Building-Residential/Commercial industry group. Green Brick Partners, KB Home and Meritage Homes are among the top 5 highly-rated stocks within the group.
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