Credit: Shutterstock photoOne important metric to look for in a stock is an 80 or higher Relative Strength Rating . Lumber Liquidators ( LL ) now clears that threshold, with a jump from 69 to 80 Tuesday.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary 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 market's biggest winners often have an RS Rating of above 80 as they launch their biggest runs.
Looking For The Best Stocks To Buy And Watch? Start Here
Lumber Liquidators is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could ignite a new run.
While the company's top line growth fell last quarter from 11% to 5%, earnings-per-share grew 2%, up from 0% in the prior report.
The company holds the No. 18 rank among its peers in the Retail/Wholesale-Building Products industry group. Central Garden & Pet ( CENTA ), ( FND ) and SiteOne Landscape Supply ( SITE ) are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Technical Action?
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.
