Applied Indl Techs saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 79 to 84.
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IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an RS Rating of above 80 in the early stages of their moves.
Applied Indl Techs is trying to complete a consolidation with a 282.98 buy point. See if it can break out in volume at least 40% above average. Note that it's a first-stage base. Such later-stage patterns involve more risk and are more and have a higher likelihood to fail than first- or second-stage consolidations.
The company showed 4% EPS growth in its most recent report, while sales growth came in at 0%. Keep an eye out for the company's next round of numbers on or around May 1.
The company holds the No. 1 rank among its peers in the Machinery-Tools & Related industry group. Fastenal and WW Grainger are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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