The Relative Strength (RS) Rating for Eaton moved into a new percentile Friday, as it got a lift from 70 to 73.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Eaton can continue to rebound and hit that benchmark.
Eaton is working on a cup with handle with a 382.92 buy point. See if the stock can break out in heavy trading.
Earnings growth slowed 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, American Superconductor and Vertiv Holdings 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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