Watsco had its Relative Strength (RS) Rating upgraded from 80 to 83 Friday.
IBD's unique rating tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an 80 or higher RS Rating as they launch their biggest climbs.
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Watsco is working on a consolidation with a 571.41 buy point. See if it can clear the breakout price in heavy volume.
Top and bottom line growth moved higher last quarter. Earnings were up 15%, compared to -3% in the prior report. Revenue increased from 2% to 9%. The next quarterly results are expected on or around Apr. 17.
Watsco earns the No. 2 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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