A stock chart with a line and bar graph overlay
Markets

Stocks To Watch: Jeld-Wen Holding Sees Relative Strength Rating Rise To 83

A stock chart with a line and bar graph overlay
Shutterstock photo

On Thursday, Jeld-Wen Holding ( JELD ) reached an important technical milestone, seeing its Relative Strength ( RS ) Rating jump into the 80-plus percentile with an improvement to 83, up from 79 the day before.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.

Over 100 years of market history shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Jeld-Wen Holding is now considered extended and out of buy range after clearing a 33.17 buy point in a first-stage double bottom . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Top and bottom line growth moved higher last quarter. Earnings were up 22%, compared to -20% in the prior report. Revenue increased from -2% to 6%.

The company holds the No. 19 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Trex ( TREX ), Owens Corning ( OC ) and Boise Cascade ( BCC ) are among the top 5 highly rated stocks within the group.

RELATED:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

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.

In This Story

JELD RS OC TREX BCC

Other Topics

Stocks

Latest Markets Videos