When building your watch list, look for stocks with an 80 or higher RS Rating. Chart Industries is one stock that just reached the mark, now earning a score of 83.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they begin their biggest climbs.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a base and break out.
Earnings growth increased last quarter from 32% to 39%. But sales fell from 9% to 5%.
Chart Industries holds the No. 2 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Archrock 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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