On Wednesday, Eaton Corp. PLC received an upgrade to its Relative Strength (RS) Rating, from 68 to 73.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they launch their largest climbs. See if Eaton Corp. PLC can continue to show renewed price strength and clear that threshold.
Eaton Corp. PLC is still within a buy range after clearing a 333.98 buy point in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Earnings grew 13% last quarter, up from 11% in the prior report. Revenue also increased, from 5% to 7%.
The company holds the No. 6 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings, American Superconductor and BWX Technologies 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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