BWX Technologies stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 88 to 93.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an 80 or higher RS Rating at the beginning of a new climb.
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Is BWX Technologies Stock A Buy?
BWX Technologies stock gapped up 14% on Wednesday after posted Q4 earnings beat. The stock has moved more than 5% past an 80.11 entry in a first-stage cup with handle, meaning it's extended and now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
In terms of top and bottom line numbers, BWX Technologies has posted two quarters of rising earnings growth. Revenue gains have also moved higher during the same period.
BWX Technologies stock earns the No. 5 rank among its peers in the Electrical Power/Equipment industry group.
