When putting together your watch list, look for stocks with an 80 or higher RS Rating. Chart Industries is one stock that just reached the mark, now earning a score of 83.
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This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest price moves.
Chart Industries is not currently near a potential buying area. See if the stock goes on to form a sound pattern that could kick off a new climb.
While the company's top line growth fell last quarter from 9% to 5%, the bottom line grew 39%, up from 32% in the previous report. The next quarterly results are expected on or around Aug. 1.
The company earns the No. 1 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. TechnipFMC and Archrock 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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