The Relative Strength (RS) Rating for Powell Industries entered a new percentile Monday, with a rise from 71 to 82.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of above 80 as they launch their biggest runs.
Powell Industries is now considered extended and out of buy range after clearing a 198.49 buy point in a second-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 39% earnings growth in its most recent report, while sales growth came in at 9%.
Powell Industries earns the No. 9 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings, American Superconductor and BWX Technologies are among the top 5 highly rated stocks 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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