Snap-On saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 64 to 74.
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.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Snap-On can continue to show renewed price strength and hit that benchmark.
Snap-On is building a consolidation with a 373.89 buy point. See if it can clear the breakout price in heavy trade. Keep in mind that it's a later-stage consolidation, and those entail more risk.
The company reported negative growth for both sales and earnings last quarter.
Snap-On earns the No. 1 rank among its peers in the Building-Hand Tools industry group. Toro Co and Stanley Black & Decker are also among the group's highest-rated stocks.
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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