nVent Electric had its Relative Strength (RS) Rating upgraded from 65 to 72 Monday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 as they launch their biggest runs. See if nVent Electric can continue to show renewed price strength and hit that benchmark.
nVent Electric is now considered extended and out of buy range after clearing a 58.98 buy point in a second-stage cup without handle. 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.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 7% to 10%. Revenue rose from 9% to 11%.
The company earns the No. 6 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings, American Superconductor and BWX 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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