The Relative Strength (RS) Rating for Crane jumped into a higher percentile Thursday, as it got a lift from 67 to 72.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Crane can continue to rebound and clear that threshold.
Crane is working on a double bottom with a 177.69 buy point. See if it can break out in heavy volume.
The company reported 24% earnings growth in its most recent report, while sales growth came in at 9%.
Crane earns the No. 1 rank among its peers in the Diversified Operations industry group. Crane and Johnson Controls Intl are also among the group's highest-rated stocks.
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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