TopBuild stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 83 to 91.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 at the beginning of a new price run.
Here Are 3 Keys For Successful Stock Investing
Is TopBuild Stock A Buy?
TopBuild stock is working on a consolidation with a 452.87 buy point. See if the stock can clear the breakout price in heavy trade. Note that it's a third-stage base. Such later-stage patterns involve more risk and are more and have a higher likelihood to fail than earlier-stage formations.
While revenue growth fell last quarter from 2% to 1%, the bottom line grew 10%, up from 7% in the previous report. The company is expected to report its latest numbers on or around Aug. 6.
TopBuild stock earns the No. 4 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind is the No. 1-ranked stock within the group.
