When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Preformed Line Products now meets that criteria, with an increase from 80 to 83 Monday.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks often have an 80 or higher RS Rating as they launch their biggest climbs.
Preformed Line Products is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move.
Earnings grew 35% last quarter, up from 20% in the prior report. Revenue also increased, from 5% to 22%.
Preformed Line Products holds the No. 4 rank among its peers in the Telecom-Cable/Satellite Equipment industry group. Frequency Electronics is the No. 1-ranked stock 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.
RELATED:
Which Stocks Are Showing Improved Price Performance?
