On Wednesday, Itron earned a positive adjustment to its Relative Strength (RS) Rating, from 76 to 84.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating of above 80 as they begin their biggest price moves.
Itron is in a buy range after climbing above a 112.67 buy point in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Earnings growth rose last quarter from 10% to 23%. But revenue gains fell from 6% to 1%.
Itron earns the No. 2 rank among its peers in the Electronics-Scientific Measuring industry group. FARO Technologies is the top-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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