In a welcome move, Griffon saw its Relative Strength Rating improve from 68 to 74 on Tuesday.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Griffon can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Griffon is not currently showing a potential entry point. See if the stock goes on to build a promising consolidation that could spark a new run.
Regarding top and bottom line numbers, Griffon has posted rising EPS growth in each of the last two reports. Revenue growth has been less impressive, coming in at -2% last quarter. Griffon is expected to release its next quarterly numbers on or around Apr. 30.
Griffon earns the No. 6 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products, Tecnoglass and Armstrong Wrld Ind are among the top 5 highly rated stocks within the group.
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:
Which Stocks Are Showing Rising Relative Strength?
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!
