Griffon had its Relative Strength (RS) Rating upgraded from 70 to 75 Wednesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Griffon can continue to rebound and hit that benchmark.
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While the stock is not near a proper buying range right now, see if it is able to form and break out from a proper chart pattern.
In terms of fundamentals, the company has posted two quarters of accelerating earnings growth. Revenue growth has been a different story, coming in at -2% in the most recent quarterly report. Griffon is expected to release its next quarterly numbers on or around Apr. 30.
Griffon earns the No. 4 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products is the top-ranked stock 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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