One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Wesco International cleared that benchmark Wednesday, with a jump from 78 to 81 Wednesday.
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IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
Wesco International is trying to complete a consolidation with a 216.17 entry. See if the stock can break out in volume at least 40% higher than normal.
Wesco International showed -4% earnings growth last quarter, while sales growth came in at 0%. Keep an eye out for the company's next round of numbers on or around Jul. 31.
The company earns the No. 6 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A, Coherent and Bel Fuse Cl B 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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