In a welcome move, Crane NXT saw its Relative Strength Rating improve from 67 to 73 on Wednesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matched up against all other stocks.
History shows that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Crane NXT can continue to rebound and hit that benchmark.
Crane NXT is now considered extended and out of buy range after clearing a 57.59 buy point in a first-stage cup with handle. 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 line.
The company reported -36% EPS growth in its most recent report. Revenue gains came in at 5%. Look for the next report on or around Aug. 6.
Crane NXT holds the No. 13 rank among its peers in the Computer Software-Financial industry group. Intuit, CoreCard and Nayax 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
