On Wednesday, Carrier Global got a positive adjustment to its Relative Strength (RS) Rating, from 68 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Carrier Global can continue to show renewed price strength and clear that threshold.
Carrier Global is working on a cup with handle with a 76.63 entry. See if it can clear the breakout price in volume at least 40% above average.
The company reported 27% EPS growth in the latest quarterly report, while sales growth came in at -4%. The company is expected to report its latest performance numbers on or around Jul. 24.
Carrier Global earns the No. 4 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA 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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