Air Products & Chemicals stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 64 to 79.
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves. See if Air Products & Chemicals stock can continue to show renewed price strength and hit that benchmark.
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Is Air Products & Chemical Stock A Buy?
Air Products & Chemicals stock broke out earlier, but has fallen back below the prior 286.61 entry from a flat base. If a stock you're watching climbs above a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Also understand that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
The atmospheric gases producer saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 4% to 7%. Revenue rose from -8% to -2%.
Air Products & Chemicals stock earns the No. 4 rank among its peers in the Chemicals-Specialty industry group. Valhi is the top-ranked stock within the group.
