On Tuesday, Installed Bldg Products earned an upgrade to its Relative Strength (RS) Rating, from 68 to 76.
IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Installed Bldg Products can continue to show renewed price strength and clear that threshold.
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While Installed Bldg Products is not near a proper buying range right now, see if it goes on to form and break out from a proper base.
Earnings growth dropped last quarter from 15% to 8%. But sales moved higher, from 5% to 7%. The next quarterly results are expected on or around Nov. 7.
The company 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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