The Relative Strength (RS) Rating for Applied Indl Techs entered a new percentile Friday, as it got a lift from 70 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of at least 80 as they launch their largest runs. See if Applied Indl Techs can continue to rebound and hit that benchmark.
Applied Indl Techs is working on a consolidation with a 282.98 entry. See if the stock can break out in heavy trade. Note that it's a first-stage base. Later-stage patterns can work, but have a higher likelihood of failure since, by that point, the stock has already risen significantly..
While earnings growth fell in the company's most recently reported quarter from 4% to 1%, the top line grew 2%, up from 0% in the prior report. The company is expected to report its latest numbers on or around Aug. 7.
Applied Indl Techs earns the No. 2 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
