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.

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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.

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