Installed Bldg Products saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 62 to 73.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against 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 tend to have an RS Rating of over 80 in the early stages of their moves. See if Installed Bldg Products can continue to rebound and hit that benchmark.
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While Installed Bldg Products is not near an ideal buying range right now, see if it manages to form and break out of a proper consolidation.
Earnings growth decreased in the most recent quarter from 15% to 8%. But revenue gains moved higher, from 5% to 7%. The company is expected to report its latest earnings and sales numbers on or around Nov. 7.
Installed Bldg Products holds the No. 4 rank among its peers in the Building-Maintenance & Services industry group. EMCOR Group is the No. 1-ranked stock within the group.
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