Stocks With Rising Relative Strength: Owens Corning

Owens Corning (OC) had its Relative Strength (RS) Rating upgraded from 69 to 72 Monday — a welcome improvement, but still below the 80 or higher score you prefer to see.


When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary RS Rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research shows that the best stocks often have an 80 or higher RS Rating as they begin their biggest runs. See if Owens Corning can continue to rebound and hit that benchmark.

Looking For The Best Stocks To Buy And Watch? Start Here

Owens Corning is within a buy range after moving past an 87.99 entry in a flat base. Once a stock moves 5% or higher beyond the original entry, it’s considered out of a proper buying area.

In terms of fundamentals, the company has posted two quarters of rising earnings growth. Top line growth has also moved higher during the same period.

The company holds the No. 18 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Atkore (ATKR) and Azek Company Inc (AZEK) are also among the group’s highest-rated stocks.


IBD Stock Rating Upgrades: Rising Relative Strength

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