One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Gates Industrial now clears that threshold, with a jump from 79 to 82 Tuesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they launch their biggest climbs.
Gates Industrial is working on a cup without handle with a 23.85 entry. See if it can break out in heavy trading.
Top and bottom line growth moved higher last quarter. Earnings were up 6%, compared to -3% in the prior report. Revenue increased from -4% to -2%.
Gates Industrial holds the No. 5 rank among its peers in the Electrical Power/Equipment industry group. AZZ is the top-ranked stock 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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