Powell Industries had its Relative Strength (RS) Rating upgraded from 68 to 71 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.
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IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or higher RS Rating as they begin their largest price moves. See if Powell Industries can continue to show renewed price strength and hit that benchmark.
Powell Industries has climbed more than 5% past a 198.49 entry in a second-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 39% EPS growth in the latest quarterly report, while sales growth came in at 9%. Look for the next report on or around Aug. 5.
The company holds the No. 9 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings, American Superconductor and AZZ 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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