In a welcome move, WW Grainger saw its Relative Strength Rating rise from 68 to 72 on Wednesday.
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IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest runs. See if WW Grainger can continue to show renewed price strength and clear that threshold.
WW Grainger is trying to complete a cup without handle with a 1,227.66 entry. See if it can clear the breakout price in volume at least 40% above average.
WW Grainger posted 2% earnings growth last quarter, while sales growth came in at 2%.
The company holds the No. 1 rank among its peers in the Machinery-Tools & Related industry group. Fastenal and Enerpac Tool Group are also among the group's highest-rated stocks.
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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