April 13

Composite-Decking Supplier Trex Stock Clears Key Benchmark, Hitting 80-Plus RS Rating

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The Relative Strength (RS) Rating for Trex (TREX) jumped into a new percentile Tuesday, with a rise from 76 to 81. The composite-decking supplier benefitted from the 2020 pandemic from people staying at home and upgrading their outdoor space.

When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

This exclusive rating from Investor’s Business Daily measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.

Over 100 years of market history reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.


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


Is Trex Stock A Buy?

Trex stock is trying to complete a double-bottom consolidation with a 107.74 buy point. See if the stock can clear the breakout price in heavy trading. Keep in mind that it’s a later-stage consolidation, and those are riskier than earlier-stage patterns. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

Top and bottom line growth moved higher last quarter. Earnings were up 19%, compared to 14% in the prior report. Revenue increased from 19% to 39%. The company is expected to report its latest performance numbers on or around May 4.

Trex holds the No. 10 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.

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The post Composite-Decking Supplier Trex Stock Clears Key Benchmark, Hitting 80-Plus RS Rating appeared first on Investor’s Business Daily.


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