ABM Industries saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 66 to 76.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if ABM Industries can continue to rebound and clear that threshold.
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ABM Industries is working on a consolidation with a 59.78 entry. See if it can clear the breakout price in volume at least 40% above average. It's a later-stage pattern, and investors should be aware that those involve more risk.
Earnings growth decreased last quarter from 19% to -11%. But revenue moved higher, from 3% to 4%. Look for the next report on or around Mar. 5.
ABM Industries holds the No. 5 rank among its peers in the Building-Maintenance & Services industry group. Rollins Inc is the top-ranked stock within the group.
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