Vontier had its Relative Strength (RS) Rating upgraded from 67 to 73 Monday — a welcome improvement, but still below the 80 or higher score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves. See if Vontier can continue to rebound and hit that benchmark.
Vontier is now considered extended and out of buy range after clearing a 33.08 buy point in a second-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Vontier showed 4% earnings growth in the latest quarterly report. Sales gains came in at -2%. The next quarterly results are expected on or around Jul. 31.
Vontier holds the No. 17 rank among its peers in the Machinery-General Industrial industry group. Power Solutions Intl, Badger Meter 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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