Zurn Elkay Water Solns had its Relative Strength (RS) Rating upgraded from 70 to 76 Wednesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
History reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Zurn Elkay Water Solns can continue to rebound and hit that benchmark.
Zurn Elkay Water Solns is working on a consolidation with a 41.15 entry. See if the stock can break out in volume at least 40% higher than normal.
The company reported 7% earnings growth last quarter. Sales rose 4%. Keep an eye out for the company's next round of numbers on or around Jul. 29.
The company earns the No. 15 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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