The Relative Strength (RS) Rating for Trane Technologies stock entered a new percentile Thursday, with a rise from 71 to 86.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves.
Is Trane Technologies Stock A Buy?
Trane Technologies stock recently reclaimed its 50-day moving average and is working on a consolidation with a 422.00 entry. See if it can clear the breakout price in volume at least 40% above average. Given the current market uncertainties, IBD recommends a cautious market exposure of 20-40%.
The relative strength line is currently in new high territory, a promising sign of market leadership.
Quarterly Earnings Heats Up
The HVAC (heating, ventilation, air conditioning) company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 20% to 26%. Revenue rose from 10% to 11%.
Trane Technologies stock holds the No. 2 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA is the top-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.
