On Friday, Powell Industries got a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their largest climbs. See if Powell Industries can continue to rebound and hit that benchmark.
Powell Industries has risen 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 pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported 39% EPS growth in the latest quarterly report, while sales growth came in at 9%. The company is expected to report its latest earnings and sales numbers on or around Aug. 5.
The company earns the No. 10 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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