Ametek had its Relative Strength (RS) Rating upgraded from 70 to 75 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Ametek can continue to rebound and clear that threshold.
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While the stock is not near a proper entry right now, see if it goes on to form and break out of a proper chart pattern.
Ametek posted 1% earnings growth in its most recent report. Sales rose 5%.
The company earns the No. 9 rank among its peers in the Electrical Power/Equipment industry group. American Superconductor, Powell Industries and Vertiv Holdings are among the top 5 highly rated stocks within the group.
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