When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. ITT just met that criteria with a new score of 81.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest runs.
ITT is now considered extended and out of buy range after clearing a 161.13 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 10%, compared to 2% in the prior report. Revenue increased from 0% to 7%.
The company holds the No. 9 rank among its peers in the Machinery-General Industrial industry group. DXP Enterprises, ESCO Technologies and Power Solutions Intl 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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