In a welcome move, Griffon saw its Relative Strength Rating rise from 69 to 76 on Tuesday.
This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs. See if Griffon can continue to show renewed price strength and clear that threshold.
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Griffon is trying to complete a cup with handle with an 84.24 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Taking a look at top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Top line growth has been less impressive, coming in at -2% in the latest report.
The company earns the No. 6 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products, Armstrong Wrld Ind and Beacon Roofing Supply are among the top 5 highly rated stocks within the group.
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