The Relative Strength (RS) Rating for Carrier Global climbed into a new percentile Friday, with an increase from 80 to 83.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History shows that the best stocks often have an 80 or higher RS Rating as they launch their biggest climbs.
While Carrier Global is not near a proper entry right now, see if it manages to form and break out of a proper chart pattern.
Carrier Global reported 27% earnings growth in the latest quarterly report, while sales growth came in at -4%. Keep an eye out for the company's next round of numbers on or around Jul. 29.
Carrier Global holds the No. 4 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA is the No. 1-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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