Modine Manufacturing had its Relative Strength (RS) Rating upgraded from 81 to 91 Friday.
How To Use Stock Charts To Stay Profitable And Protected
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
Modine Manufacturing is now considered extended and out of buy range after clearing a 108.04 buy point in a first-stage consolidation. 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 2% EPS growth last quarter, while sales growth came in at 3%.
The company holds the No. 2 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA is the No. 1-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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