On Monday, Lowes Companies ( LOW ) hit an important performance benchmark, with its Relative Strength ( RS ) Rating moving into the 80-plus percentile with an improvement to 81, an increase from 78 the day before.
[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
Lowes Companies has climbed more than 5% past an 82.84 entry in a first-stage cup with handle , meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 19% EPS growth last quarter. Sales gains came in at 7%.
The company holds the No. 3 rank among its peers in the Retail/Wholesale-Building Products industry group. Floor & Decor ( FND ) is the top-ranked stock within the group.
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