Lennar shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 79 to 82.
Lennar saw its IBD SmartSelect Composite Rating jump to 97 Tuesday, up from 94 the day before. The new rating shows the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Lennar (LEN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.