On Monday, Chart Industries reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 86, a rise from 76 the day before.
Looking For The Best Stocks To Buy And Watch? Start Here
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or better RS Rating as they begin their biggest price moves.
While it's not currently an ideal time to buy shares, see if the stock goes on to offer and clear a proper buy point.
Earnings growth rose last quarter from 32% to 39%. But sales fell from 9% to 5%. Look for the next report on or around Aug. 1.
Chart Industries earns the No. 1 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Archrock and TechnipFMC 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
