Flowserve stock had its Relative Strength (RS) Rating upgraded from 79 to 83 Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
Is Flowserve Stock A Buy?
Flowserve stock is trying to complete a cup with handle with a 33.36 buy point. See if the stock can break out in volume at least 40% above average.
While earnings growth fell in the company's most recent performance report from -19% to -69%, revenue rose 1%, up from -2% in the previous report.
Flowserve stock holds the No. 37 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies and Trane Technologies are also among the group's highest-rated stocks.
