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Azek Company Generates Improved Relative Strength

In a welcome move, Azek Company Inc (AZEK) saw its Relative Strength Rating rise from 68 to 72 on Monday. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

 

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 trailing 52 weeks compares to all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Azek Company can continue to rebound and hit that benchmark.


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The stock, which is on the IPO Leaders screen is working on a consolidation with a 48.89 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.

Last Friday, Azek Company was the IBD Stock of the Day.

Regarding fundamentals, the company has posted two quarters of rising earnings growth. Sales growth has also moved higher during the same period. The company is expected to report its next quarterly numbers on or around April 28.

Chicago-based Azek offers a sustainable solution for homebuilders and businesses. It supplies nonwood decking, trim and other outdoor supplies from recycled material for the residential and commercial markets.

Azek Company earns the No. 2 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Atkore (ATKR) is among the group’s highest-rated stocks.

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