U F P Industries Scores Relative Strength Rating Upgrade; Hits Key Threshold

U F P Industries (UFPI) saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 72 to 81.


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

IBD’s proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest price moves.

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

U F P Industries is working on a saucer without handle with a 90.07 buy point. See if the stock can break out in heavy volume. Keep in mind that it’s a later-stage consolidation, and those are riskier than earlier-stage patterns.

U F P Industries reported 54% earnings growth in its most recent report, while sales growth came in at 41%.

The company holds the No. 2 rank among its peers in the Building-Wood Products industry group. U F P Industries (UFPI) and West Fraser Timber (WFG) are also among the group’s highest-rated stocks.


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