Stocks Showing Improved Relative Strength: MI Homes

MI Homes (MHO) had its Relative Strength (RS) Rating upgraded from 66 to 75 Tuesday — a welcome improvement, but still shy of the 80 or higher score you look for.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the trailing 52 weeks compares to all the other stocks in our database.

Decades of market research shows that the best stocks typically have an RS Rating of above 80 as they begin their largest runs. See if MI Homes can continue to show renewed price strength and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

MI Homes has moved more than 5% past a 49.54 entry in a first-stage consolidation, meaning it’s now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.

MI Homes posted 88% earnings growth in the latest quarterly report, while sales growth came in at 22%.

The company holds the No. 4 rank among its peers in the Building-Residential/Commercial industry group. D.R. Horton (DHI) and MDC Holdings (MDC) are also among the group’s highest-rated stocks.


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