Standex International saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 69 to 76.
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This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Decades of market research reveals 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 largest runs. See if Standex International can continue to rebound and hit that benchmark.
Standex International is working on a consolidation with a 212.66 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
In terms of fundamentals, the company has posted rising EPS growth in each of the last three reports. Revenue gains have also risen during the same period.
The company earns the No. 6 rank among its peers in the Machinery-General Industrial industry group. Power Solutions Intl, DXP Enterprises 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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