On Monday, Hubbell earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 72.
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IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Hubbell can continue to show renewed price strength and clear that threshold.
Hubbell is working on a consolidation with a 481.35 buy point. See if the stock can break out in heavy trading.
Hubbell reported negative growth for both the top and bottom lines last quarter. The company is expected to release its next quarterly numbers on or around Jul. 29.
The company holds the No. 6 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings, American Superconductor and AZZ 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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