Crane saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
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The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Crane has now climbed above a proper buy zone after breaking out from a 177.69 buy point in a double bottom.
The stock earns a 90 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
The company reported a 24% earnings gain for Q2. Revenue was flat, matching the prior quarter's 9%.
Crane earns the No. 2 rank among its peers in the Diversified Operations industry group. TriMas is the No. 1-ranked stock within the group.
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