In a welcome move, Griffon saw its Relative Strength Rating rise from 69 to 73 on Thursday.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if Griffon can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
While Griffon is not near an ideal buy point right now, see if it manages to form and break out of a proper consolidation.
Earnings grew 24% last quarter, up from -4% in the prior report. Revenue also increased, from -5% to 3%.
Griffon earns the No. 8 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products, Tecnoglass and Armstrong Wrld Ind are among the top 5 highly rated stocks within the group.
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