D.R. Horton Scores Relative Strength Rating Upgrade; Hits Key Benchmark

When putting together your watch list, focus on stocks with an 80 or higher RS Rating. D.R. Horton (DHI) just cleared that benchmark with an upgrade from 78 to 81.

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

IBD’s unique rating identifies price movement 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.

Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating as they begin their biggest runs.

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

D.R. Horton is still inside a buying range after breaking past a 99.75 buy point in a double bottom. Once a stock moves 5% or higher beyond the original entry, it’s considered extended and out of buy range.

The company posted 68% earnings growth last quarter. Revenue increased 27%.

The company earns the No. 5 rank among its peers in the Building-Residential/Commercial industry group. Meritage Homes (MTH) and Century Communities (CCS) are also among the group’s highest-rated stocks.


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