In a welcome move, Axalta Coating Systems stock saw its Relative Strength Rating improve from 63 to 75 on Thursday.
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 the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating of over 80 as they launch their largest climbs. See if Axalta Coating Systems can continue to rebound and clear that threshold.
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Is Axalta Coating Systems Stock A Buy?
Axalta Coating Systems stock broke out of a flat base on Wednesday, amid Q3 earnings and revenue beat. It's pulled back slightly Thursday, but still trading within the buy range.
The paint and coating system company showed 31% EPS growth in the latest quarterly report. Revenue increased 1%.
Axalta Coating Systems stock holds the No. 1 rank among its peers in the Chemicals-Paints industry group. RPM International and Sherwin-Williams are also among the group's highest-rated stocks.
