share_log

PPG Industries Stock Earns IBD Rating Upgrade

Investor's Business Daily ·  Mar 16, 2023 18:28

In a welcome move, PPG Industries stock saw its Relative Strength Rating improve from 64 to 76 on Wednesday.

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 measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.

Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if PPG Industries stock can continue to rebound and hit that benchmark.


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


Is PPG Industries Stock A Buy?

Now is not an ideal time to jump in to PPG Industries stock since it isn't near a proper buy zone. Also, avoid adding shares when the stock market outlook is in correction. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.

The paint company posted -3% earnings growth in its most recent report. Sales rose 0%.

PPG Industries stock earns the No. 3 rank among its peers in the Chemicals-Paints industry group. RPM Intl and PPG Industries are also among the group's highest-rated stocks.

YOU MAY ALSO LIKE:

MarketSmith's Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment