Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily

IBD Rating Upgrades: Ametek Flashes Improved Technical Strength

Ametek had its Relative Strength (RS) Rating upgraded from 70 to 75 Tuesday -- a welcome improvement, but still shy of the 80 or better score you prefer to see.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

History shows that the market's biggest winners tend to have an 80 or better RS Rating as they begin their largest climbs. See if Ametek can continue to show renewed price strength and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

Ametek is building an ascending base with a 121.79 buy point. See if the stock can break out in volume at least 40% higher than normal.

Although earnings and sales growth came in at -5% and -12%, respectively, in the latest report, that marked acceleration for both the top and bottom lines.

Ametek earns the No. 4 rank among its peers in the Electrical Power/Equipment industry group. Generac is the No. 1-ranked stock within the group.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.