On Tuesday, Mueller Water Products reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 78 the day before.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves.
Mueller Water Products is trying to complete a cup with handle with a 27.55 entry. See if it can break out in heavy trading.
Mueller Water Products posted 13% earnings growth in the latest quarterly report. Revenue increased 3%.
The company earns the No. 6 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Tecnoglass, Armstrong Wrld Ind and Watts Water Tech 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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