Watsco had its Relative Strength (RS) Rating upgraded from 70 to 74 Thursday — a welcome improvement, but still below the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Watsco can continue to show renewed price strength and clear that threshold.
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Watsco is building a consolidation with a 520.41 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company reported -3% EPS growth in the latest quarterly report. Revenue gains came in at 2%.
Watsco earns the No. 9 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA, CSW Industrials and AAON are among the top 5 highly rated stocks within the group.
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