The Relative Strength (RS) Rating for Xylem entered a higher percentile Monday, as it got a lift from 69 to 73.
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IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their largest runs. See if Xylem can continue to show renewed price strength and clear that threshold.
Xylem is trying to complete a flat base with a 145.33 entry. See if the stock can break out in heavy trading.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 16%, compared to 14% in the prior report. Revenue increased from 2% to 6%.
The company earns the No. 2 rank among its peers in the Machinery-Tools & Related industry group. Lincoln Electric is the No. 1-ranked stock 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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