On Wednesday, Lennox International got a positive adjustment to its Relative Strength (RS) Rating, from 77 to 81.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
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Lennox International is working on a consolidation with a 682.50 entry. See if the stock can break out in volume at least 40% above average. Note that it's a third-stage base. Such later-stage patterns are more likely to fail than first- or second-stage consolidations.
In terms of top and bottom line numbers, the company has posted two quarters of accelerating earnings growth. Revenue growth has also increased over the same time frame.
Lennox International earns the No. 1 rank among its peers in the Building-A/C & Heating Products industry group. Limbach Holdings and Trane Technologies are also among the group's highest-rated stocks.
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