AO Smith had its Relative Strength (RS) Rating upgraded from 70 to 73 Monday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of at least 80 as they launch their biggest price moves. See if AO Smith can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
AO Smith is working on a flat base with an 89.96 entry. See if it can clear the breakout price in heavy trading.
AO Smith posted 6% earnings growth in the latest quarterly report. Sales rose 1%.
AO Smith earns the No. 10 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA, Trane Technologies and CSW Industrials are among the top 5 highly rated stocks within the group.
RELATED:
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
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!