National Presto Inds saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 93 the day before.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
National Presto Inds is currently forming a cup without handle, with a 103.93 entry. Look for the stock to break out in volume at least 40% above average. Understand that it is a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than those with more liquidity.
One weak spot is the company's 72 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 16% EPS growth. Sales growth fell to 35%, down from 37% in the previous quarter. The company's next quarterly report is expected on or around Feb. 14.
National Presto Inds earns the No. 14 rank among its peers in the Aerospace/Defense industry group. Astronics, Espey Mfg & Elec and Heico 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.
