Credit: Shutterstock photoGrainger ( GWW ) had its Relative Strength ( RS ) Rating upgraded from 64 to 71 Wednesday -- a welcome improvement, but still shy of the 80 or higher score you prefer to see.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating as they launch their largest price moves. See if Grainger can continue to rebound and hit that benchmark.
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Grainger is not currently near a potential buy zone. See if the stock goes on to form a base that could spark a new run.
The company reported -5% EPS growth last quarter. Sales rose 2%.
Grainger holds the No. 16 rank among its peers in the Retail/Wholesale-Building Products industry group. SiteOne Landscape Supply ( SITE ), Home Depot ( HD ) and Central Garden & Pet ( CENTA ) are among the top 5 highly rated stocks 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.