Griffon had its Relative Strength (RS) Rating upgraded from 63 to 73 Tuesday — a welcome improvement, but still short of the 80 or better score you look for.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks tend to 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.
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Griffon is working on a consolidation with an 86.73 entry. See if it can clear the breakout price in heavy trading.
In terms of top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Revenue gains have been less impressive, coming in at -2% last quarter.
The company 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.
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