NVR Shows Rising Relative Strength; Still Shy Of Key Benchmark

NVR (NVR) had its Relative Strength (RS) Rating upgraded from 70 to 73 Friday — a welcome improvement, but still shy of the 80 or better score you prefer to see.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating identifies market leadership by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research shows that the best-performing stocks tend to have an RS Rating of above 80 as they launch their biggest price moves. See if NVR can continue to rebound and hit that benchmark.

Looking For Winning Stocks? Try This Simple Routine

NVR is working on a cup with handle with a 5,295.10 buy point. See if the stock can break out in heavy trading.

The company showed 33% EPS growth in the latest quarterly report, while sales growth came in at 20%.

NVR earns the No. 8 rank among its peers in the Building-Residential/Commercial industry group. Century Communities (CCS) and Meritage Homes (MTH) are also among the group’s highest-rated stocks.


Homebuilder Stocks To Watch And Real Estate Industry News

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Identify Bases And Buy Points With Pattern Recognition From MarketSmith

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button