ITT had its Relative Strength (RS) Rating upgraded from 69 to 74 Monday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if ITT can continue to rebound and hit that benchmark.
ITT is still within a buying range after climbing above a 161.13 buy point in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
ITT posted 2% earnings growth in its most recent report. Revenue gains came in at 0%. Keep an eye out for the company's next round of numbers on or around Jul. 31.
ITT earns the No. 12 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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