On Tuesday, Wabtec got an upgrade to its Relative Strength (RS) Rating, from 76 to 83.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of above 80 as they begin their biggest climbs.
Wabtec has moved more than 5% past a 190.21 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 21% last quarter, up from 9% in the prior report. Revenue also increased, from 2% to 5%.
Wabtec earns the No. 1 rank among its peers in the Transportation-Equipment Manufacturing industry group. Greenbrier and Blue Bird 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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