Green Brick Partners saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 67 to 71.
IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if Green Brick Partners can continue to show renewed price strength and clear that threshold.
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Green Brick Partners is now considered extended and out of buy range after clearing a 61.62 buy point in a second-stage consolidation. 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.
EPS growth dropped in the company's most recent report from 42% to 27%, but revenue rose from 23% to 25%.
Green Brick Partners earns the No. 1 rank among its peers in the Building-Residential/Commercial industry group. M/I Homes and Toll Brothers are also among the group's highest-rated stocks.
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