In a welcome move, Honeywell International saw its Relative Strength Rating rise from 64 to 73 on Thursday.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the best-performing stocks typically have an 80 or better RS Rating as they begin their biggest price moves. See if Honeywell International can continue to show renewed price strength and clear that threshold.
Honeywell International is working on a consolidation with a 242.77 buy point. See if the stock can break out in volume at least 40% above average.
Top and bottom line growth moved higher last quarter. Earnings were up 7%, compared to -8% in the prior report. Revenue increased from 7% to 8%.
The company earns the No. 8 rank among its peers in the Diversified Operations industry group. Crane, Roper Technologies and Johnson Controls Intl 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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