The Relative Strength (RS) Rating for Vertiv Holdings moved up into a higher percentile Monday, as it got a lift from 70 to 74.
Can You Really Time The Stock Market?
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 as they begin their largest price moves. See if Vertiv Holdings can continue to show renewed price strength and clear that threshold.
While the stock is not near an ideal buy zone right now, see if it manages to form and break out of a proper chart pattern.
Vertiv Holdings posted 49% earnings growth last quarter, while sales growth came in at 24%.
Vertiv Holdings holds the No. 2 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings 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.
RELATED:
Which Stocks Are Showing Improved Price Performance?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
