Stocks Showing Market Leadership: Builders Firstsource Earns 92 RS Rating

On Tuesday, Builders Firstsource (BLDR) hit an important technical milestone, with its Relative Strength (RS) Rating jumping into the 90-plus percentile with an improvement to 92, an increase from 89 the day before.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the trailing 52 weeks matches up against the rest of the market.

History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 at the beginning of a new run.

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Builders Firstsource is working on a consolidation with an 86.58 entry. See if it can clear the breakout price in heavy volume. Keep in mind that it’s a later-stage consolidation, and those entail more risk.

Builders Firstsource posted 116% EPS growth last quarter. Sales rose 83%.

The company earns the No. 3 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Tecnoglass (TGLS) and Atkore (ATKR) are among the top 5 highly rated stocks within the group.


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