When putting together your watch list, look for stocks with an 80 or higher RS Rating. Lennox International is one stock that just reached the mark, now earning a score of 83.
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
History reveals that the top-performing stocks often have an RS Rating of at least 80 as they launch their biggest price moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Lennox International is building a consolidation with a 682.50 entry. See if it can clear the breakout price in heavy trade. Be aware that it's a third-stage base. Later-stage patterns can work, but have a greater failure rate since, by that point, the stock has already risen significantly..
Taking a look at revenue and profit performance, the company has posted rising EPS growth over the last two quarters. Revenue gains have also increased during the same period.
The company holds the No. 1 rank among its peers in the Building-A/C & Heating Products industry group. Trane Technologies and Watsco are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
