Simpson Manufacturing Sees Composite Rating Move Up To 96

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Simpson Manufacturing ( SSD ) saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 96.

[ibd-display-video id=2385970 width=50 float=left autostart=true] The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run.

Simpson Manufacturing is currently forming a cup without handle , with a 61.72 buy point. See if the stock can break out in volume at least 40% higher than normal.

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One weak spot is the company's 75 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.

Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.

The company reported -5% EPS growth for Q3. Revenue was flat, matching the prior quarter's 14%. The company's next quarterly report is expected on or around Feb. 2.

Simpson Manufacturing holds the No. 5 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Trex ( TREX ) is the No. 1-ranked stock within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: SSD , TREX

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