Eaton had its Relative Strength (RS) Rating upgraded from 68 to 74 Thursday — a welcome improvement, but still below the 80 or higher score you prefer to see.
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This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Eaton can continue to show renewed price strength and clear that threshold.
Eaton is working on a consolidation with a 399.56 buy point. See if it can break out in heavy volume.
Earnings growth decreased in the most recent quarter from 13% to 8%. But sales moved higher, from 7% to 11%.
The company earns the No. 7 rank among its peers in the Electrical Power/Equipment industry group. nVent Electric, Vertiv Holdings and American Superconductor are among the top 5 highly rated stocks 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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