On Tuesday, M/I Homes received a positive adjustment to its Relative Strength (RS) Rating, from 67 to 71.
This exclusive rating from Investor's Business Daily measures 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 stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if M/I Homes can continue to rebound and hit that benchmark.
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M/I Homes is trying to complete a consolidation with a 176.18 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. Note that it's a fourth-stage base. Later-stage patterns can work, but have a higher likelihood of failure since, by that point, the stock has already made a significant run..
M/I Homes showed 6% earnings growth last quarter, while sales growth came in at 9%.
The company earns the No. 1 rank among its peers in the Building-Residential/Commercial industry group. Green Brick Partners and Taylor Morrison Home are also among the group's highest-rated stocks.
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