On Thursday, Chart Industries got an upgrade for its IBD SmartSelect Composite Rating from 93 to 97.
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Chart Industries is currently forming a cup without handle, with a 171.68 entry. Look for the stock to break out in volume at least 40% higher than normal.
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The stock sports a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
The company posted 93% EPS growth for Q3. Top line growth climbed 18%, up from 15% in the prior report. That marks one quarter of rising revenue growth.
Chart Industries earns the No. 1 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Archrock and Natural Gas Services are also among the group's highest-rated stocks.
