In a welcome move, Lennox International saw its Relative Strength Rating improve from 70 to 77 on Wednesday.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Lennox International can continue to show renewed price strength and clear that threshold.
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Lennox International is trying to complete a consolidation with a 682.50 entry. See if it can break out in heavy volume. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.
In terms of fundamentals, Lennox International has posted rising EPS growth over the last two quarters. Top line growth has also moved higher during the same period.
Lennox International holds the No. 2 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA is the No. 1-ranked stock within the group.
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