In a welcome move, SPX Technologies saw its Relative Strength Rating improve from 66 to 71 on Monday.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history 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 SPX Technologies can continue to rebound and clear that threshold.
SPX Technologies is working on a cup without handle with a 183.83 buy point. See if the stock can clear the breakout price in heavy trade.
SPX Technologies posted 10% EPS growth last quarter, while sales growth came in at 4%.
The company holds the No. 10 rank among its peers in the Machinery-General Industrial industry group. Badger Meter, Power Solutions Intl and ESCO 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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