The Relative Strength (RS) Rating for Crane jumped into a new percentile Tuesday, with a rise from 80 to 83.
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This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History shows that the best stocks often have an 80 or better RS Rating as they launch their biggest price moves.
Crane is trying to complete a double bottom with a 177.69 buy point. See if it can break out in volume at least 40% above average.
Crane showed 24% EPS growth in its most recent report, while sales growth came in at 9%.
Crane earns the No. 1 rank among its peers in the Diversified Operations industry group. Roper Technologies and Johnson Controls Intl 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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