On Thursday, Axalta Coating Systems earned an upgrade to its Relative Strength (RS) Rating, from 76 to 81.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to 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 typically have an RS Rating of above 80 as they begin their biggest climbs.
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Axalta Coating Systems is now considered extended and out of buy range after clearing a 37.49 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 31% EPS growth in its most recent report. Sales rose 1%.
Axalta Coating Systems holds the No. 1 rank among its peers in the Chemicals-Paints industry group. Sherwin-Williams and RPM International are also among the group's highest-rated stocks.
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