On Monday, Carrier Global stock earned a positive adjustment to its Relative Strength (RS) Rating, from 65 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves. See if Carrier Global can continue to show renewed price strength and clear that threshold.
Is Carrier Global Stock A Buy?
Carrier Global stock is trying to complete a cup with handle with a 76.63 buy point. See if the stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The cooling and heating solutions company reported 27% earnings growth last quarter. Revenue gains came in at -4%. Keep an eye out for the company's next round of numbers on or around Jul. 24.
Carrier Global stock earns the No. 4 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA is the No. 1-ranked stock within the group.
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