In a welcome move, SPX Technologies saw its Relative Strength Rating rise from 69 to 73 on Thursday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if SPX Technologies can continue to rebound and hit that benchmark.
While the stock is not near a proper buy zone right now, see if it goes on to form and break out from a proper consolidation.
The company showed 10% EPS growth in the latest quarterly report. Sales rose 4%.
The company holds the No. 5 rank among its peers in the Machinery-General Industrial industry group. ESCO Technologies is the No. 1-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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