The Relative Strength (RS) Rating for MSC Industrial Direct headed into a new percentile Tuesday, as it got a lift from 66 to 74.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest runs. See if MSC Industrial Direct can continue to show renewed price strength and hit that benchmark.
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MSC Industrial Direct is working on a flat base with a 90.14 entry. See if it can clear the breakout price in heavy trade.
The company posted 18% EPS growth in its most recent report, while sales growth came in at 0%. The company is expected to report its latest numbers on or around Apr. 4.
MSC Industrial Direct earns the No. 7 rank among its peers in the Machinery-Tools & Related industry group. WW Grainger and Lincoln Electric are also among the group's highest-rated stocks.
