On Wednesday, Owens Corning earned an upgrade to its Relative Strength (RS) Rating, from 77 to 81.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they begin their biggest runs.
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Owens Corning is still inside a buy range after moving past a 179.59 buy point in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
Earnings-per-share growth decreased in the company's latest report from 28% to 9%, but revenue rose from 9% to 23%.
Owens Corning earns the No. 8 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind, Interface and Mueller Water Products are among the top 5 highly rated stocks within the group.
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