The Relative Strength (RS) Rating for Mirion Technologies jumped into a new percentile Thursday, with a rise from 79 to 82.
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IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their biggest climbs.
Mirion Technologies has moved more than 5% past an 11.18 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth dropped in the company's latest report from 60% to 13%, but the top line rose from 8% to 10%. The next quarterly numbers are expected on or around Apr. 29.
Mirion Technologies holds the No. 7 rank among its peers in the Machinery-General Industrial industry group. ESCO Technologies, Badger Meter and DXP Enterprises 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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