Lincoln Electric saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 67 to 72.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners often have an 80 or higher RS Rating as they begin their largest runs. See if Lincoln Electric can continue to rebound and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a base and break out.
In terms of fundamentals, Lincoln Electric has posted four quarters of rising earnings growth. Revenue growth has also moved higher during the same period.
Lincoln Electric earns the No. 1 rank among its peers in the Machinery-Tools & Related industry group.
