The Relative Strength (RS) Rating for Itron climbed into a new percentile Tuesday, as it got a lift from 69 to 76.
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This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Itron can continue to rebound and hit that benchmark.
Itron is working on a cup with handle with a 112.67 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth picked up last quarter from 10% to 23%. But sales fell from 6% to 1%.
The company earns the No. 2 rank among its peers in the Electronics-Scientific Measuring industry group. FARO Technologies 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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