SPX Technologies saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 79 to 83.
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This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
SPX Technologies is now considered extended and out of buy range after clearing a 157.83 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
SPX Technologies posted 10% earnings growth in its most recent report. Sales increased 4%. Look for the next report on or around Jul. 31.
The company earns the No. 5 rank among its peers in the Machinery-General Industrial industry group. Power Solutions Intl is the top-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.
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