In a welcome move, Pentair saw its Relative Strength Rating improve from 69 to 74 on Wednesday.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves. See if Pentair can continue to rebound and hit that benchmark.
Pentair is building a consolidation with a 110.71 entry. See if it can break out in volume at least 40% above average.
EPS growth declined in the company's latest report from 18% to 14%, but revenue rose from -1% to 2%.
Pentair holds the No. 18 rank among its peers in the Machinery-General Industrial industry group. Power Solutions Intl, DXP Enterprises and ESCO Technologies 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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