MSC Industrial Direct saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 73.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves. See if MSC Industrial Direct can continue to show renewed price strength and clear that threshold.
MSC Industrial Direct is building a cup without handle with a 92.68 entry. See if it 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. Lincoln Electric, Xylem and Fastenal 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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