Lumber Liquidators Shows Rising Relative Strength. Is It Making A Comeback?

In a welcome move, Lumber Liquidators (LL) saw its Relative Strength Rating improve from 69 to 73 on Friday.

As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the last 52 weeks matched up against all other stocks.

History shows that the top-performing stocks typically have an RS Rating north of 80 as they launch their largest runs. See if Lumber Liquidators can continue to show renewed price strength and hit that benchmark.

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While the stock is not near an ideal buy point right now, see if it goes on to form and break out of a proper chart pattern.

The company showed -23% earnings growth last quarter, while sales growth came in at 6%.

Lumber Liquidators earns the No. 14 rank among its peers in the Retail/Wholesale-Building Products industry group. SiteOne Landscape Supply (SITE) and Tractor Supply (TSCO) are also among the group’s highest-rated stocks.

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