Resideo Technologies saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 94 the day before.
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The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Resideo Technologies has now climbed above a proper buy zone after breaking out from a 24.62 buy point in a cup with handle.
The stock earns an 85 EPS Rating, meaning its recent quarterly and annual earnings growth tops 85% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q2, the company reported 6% EPS growth. Top line growth rose 22%, up from 19% in the prior quarter. That marks one quarter of accelerating revenue growth.
Resideo Technologies earns the No. 4 rank among its peers in the Security/Safety industry group. Federal Signal is the top-ranked stock within the group.
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