Siemens Trying To Close In On Key Technical Benchmark
The Relative Strength (RS) Rating for Siemens moved into a new percentile Wednesday, as it got a lift from 63 to 71.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History shows that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Siemens can continue to rebound and hit that benchmark.
Siemens is trying to complete a cup without handle with an 88.27 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
While EPS growth dropped last quarter from 61% to 52%, the top line rose 31%, up from 13% in the previous report.
The company earns the No. 1 rank among its peers in the Diversified Operations industry group.