The Relative Strength (RS) Rating for Enpro jumped into a new percentile Friday, with a rise from 78 to 81.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest price moves.
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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 establish and enter a buy zone in heavy trade.
While the company's bottom line growth decreased in the company's most recent performance report from 14% to 10%, sales grew 4%, up from -2% in the previous report.
The company holds the No. 17 rank among its peers in the Machinery-General Industrial industry group. Badger Meter, Graham Corp and SPX Technologies are among the top 5 highly rated stocks within the group.
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