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Investors Business Daily
Investors Business Daily
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INVESTOR'S BUSINESS DAILY

Tecnoglass Shows Rising Price Performance With Jump To 83 RS Rating

When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Tecnoglass is one stock that just reached the mark, now earning a score of 83.

IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.

Over 100 years of market 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.

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Tecnoglass is now considered extended and out of buy range after clearing a 59.76 buy point in a third-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.

Regarding fundamentals, Tecnoglass has posted rising EPS growth over the last two quarters. Revenue gains have also risen during the same period. Tecnoglass is expected to release its next quarterly numbers on or around Feb. 27.

The company holds the No. 6 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products, Armstrong Wrld Ind and Beacon Roofing Supply are among the top 5 highly rated stocks within the group.

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