Mirion Technologies had its Relative Strength (RS) Rating upgraded from 90 to 93 Monday.
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This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
Mirion Technologies is now considered extended and out of buy range after clearing an 18.81 buy point in a second-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.
Earnings growth decreased last quarter from 67% to 10%. But sales moved higher, from 5% to 8%.
The company holds the No. 18 rank among its peers in the Machinery-General Industrial industry group. DXP Enterprises, ESCO Technologies and Standex International 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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