When building your watch list, look for stocks with an 80 or higher RS Rating. Watsco is one stock that just reached the mark, now earning a score of 84.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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Watsco is trying to complete a consolidation with a 571.41 entry. See if it can break out in heavy trading.
Earnings grew 15% last quarter, up from -3% in the prior report. Revenue also increased, from 2% to 9%.
The company earns the No. 3 rank among its peers in the Building-A/C & Heating Products industry group. Lennox International is the No. 1-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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