In a welcome move, Vontier saw its Relative Strength Rating improve from 70 to 73 on Friday.
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This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest price moves. See if Vontier can continue to show renewed price strength and hit that benchmark.
Vontier has climbed more than 5% past a 33.08 entry in a second-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Vontier posted 4% EPS growth in its most recent report. Sales increased -2%. Keep an eye out for the company's next round of numbers on or around Jul. 31.
Vontier holds the No. 17 rank among its peers in the Machinery-General Industrial industry group. Power Solutions Intl, ESCO Technologies and Badger Meter 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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