When building your watch list, look for stocks with an 80 or higher RS Rating. Solventum now meets that criteria, with an increase from 77 to 81 Friday.
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This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating as they begin their biggest runs.
Solventum is building a with a 78.86 entry. See if the stock can break out in volume at least 40% higher than normal.
While EPS growth dropped in the company's most recent performance report from -35% to -36%, sales rose 3%, up from 2% in the prior report. Look for the next report on or around Aug. 7.
The company holds the No. 33 rank among its peers in the Medical-Products industry group. Boston Scientific, Insulet and ResMed 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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