The Relative Strength (RS) Rating for Applied Indl Techs climbed into a new percentile Tuesday, as it got a lift from 64 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Applied Indl Techs can continue to rebound and clear that threshold.
Applied Indl Techs is working on a consolidation with a 282.98 buy point. See if the stock can clear the breakout price in heavy volume. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 8%. Revenue rose from 2% to 6%.
The company earns the No. 4 rank among its peers in the Machinery-Tools & Related industry group. Fastenal 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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