One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Applied Indl Techs just hit that mark, with a jump from 79 to 82 Friday.
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This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of above 80 as they begin their biggest climbs.
Applied Indl Techs is working on a consolidation with a 282.98 buy point. See if it can break out in heavy trade. Be aware that it's a -stage base. Later-stage patterns can work, but have a greater likelihood of failure since, by that point, the stock has already risen significantly..
Earnings growth slowed in the most recent report from 4% to 1%. But revenue gains moved higher, from 0% to 2%. Look for the next report on or around Aug. 14.
The company holds the No. 4 rank among its peers in the Machinery-Tools & Related industry group. Lincoln Electric is the top-ranked stock within the group.
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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