In a welcome move, Trex Company stock saw its Relative Strength Rating rise from 68 to 72 on Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
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 Trex Company stock can continue to rebound and clear that threshold.
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Is Trex Company Stock A Buy?
Trex Company stock is trying to complete a cup without handle with a 59.94 buy point. See if it can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Although earnings and sales growth came in at -58% and -37%, respectively, in the latest report, that showed improvement for both EPS and revenue. The composite deck maker is expected to release its next quarterly numbers on or around May 8.
Trex Company stock earns the No. 23 rank among its peers in the Building-Construction Products/Miscellaneous industry group. TopBuild and LSI Industries are also among the group's highest-rated stocks.
