MSC Industrial Direct saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 76.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating identifies share price action 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.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they begin their biggest climbs. See if MSC Industrial Direct can continue to rebound and clear that threshold.
MSC Industrial Direct is building a cup with handle with a 92.00 entry. See if it can break out in heavy trading.
Although earnings and sales growth came in at -19% and -1%, respectively, in the latest report, that showed improvement for both EPS and revenue.
The company 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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