Standex International saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 96.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Standex International is currently forming a cup with handle, with a 212.42 entry. Look for the stock to break out in volume at least 40% above average.
The stock earns a 90 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 21% increase in earnings for Q4. It has now posted accelerating EPS increases for three consecutive quarters. Top line growth increased 23%, up from 17% in the prior quarter. The company has now posted increasing growth in each of the last three reports.
Standex International earns the No. 3 rank among its peers in the Machinery-General Industrial industry group. DXP Enterprises is the top-ranked stock within the group.
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