MSC Industrial Direct saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 65 to 71.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if MSC Industrial Direct can continue to show renewed price strength and hit that benchmark.
MSC Industrial Direct is building a flat base with a 92.68 entry. See if the stock can clear the breakout price in heavy volume.
Although earnings and sales growth came in at -19% and -1%, respectively, in the latest report, that showed improvement for both the top and bottom lines.
MSC Industrial Direct holds the No. 8 rank among its peers in the Machinery-Tools & Related industry group. Fastenal, Lincoln Electric and Xylem 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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