On Wednesday, William Lyon Homes ( WLH ) reached a noteworthy technical benchmark, with its Relative Strength ( RS ) Rating climbing into the 90-plus percentile with an improvement to 91, a rise from 85 the day before.
[ibd-display-video id=2368044 width=50 float=left autostart=true] This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an 80 or higher RS Rating as they launch their biggest price moves.
William Lyon Homes has climbed more than 5% past a 25.28 entry in a first-stage cup without handle , meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
In terms of fundamentals, William Lyon Homes has posted two quarters of rising earnings growth. Revenue growth has also increased over the same time frame.
The company earns the No. 6 rank among its peers in the Building-Residential/Commercial industry group. D.R. Horton ( DHI ), LGI Homes ( LGIH ) and KB Home ( KBH ) are among the top 5 highly rated stocks within the group.