Banking

Stock Upgrades: Applied Industrial Technologies Shows Rising Relative Strength

Applied Industrial Technologies (AIT) had its Relative Strength (RS) Rating upgraded from 79 to 82 Friday.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the last 52 weeks compares to all the other stocks in our database.

Decades of market research reveals that the market’s biggest winners typically have an 80 or higher RS Rating as they begin their biggest price moves.


Looking For Winning Stocks? Try This Simple Routine


Applied Industrial Technologies is building a with a 107.17 buy point. See if the stock can clear the breakout price in volume at least 40% above average.

Regarding top and bottom line numbers, Applied Industrial Technologies has posted four quarters of increasing earnings growth. Sales gains have also risen over the same time frame. The company is expected to release its next quarterly numbers on or around Oct. 28.

The company holds the No. 7 rank among its peers in the Retail/Wholesale-Building Products industry group. SiteOne Landscape Supply (SITE) and GMS (GMS) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

Which Stocks Are Showing Rising Relative Strength?

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Identify Bases And Buy Points With Pattern Recognition From MarketSmith

Most Related Links :
nativenewspost Governmental News Finance News

Source link

Back to top button