The Relative Strength (RS) Rating for Hubbell stock climbed into a new percentile Wednesday, with an increase from 65 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest climbs.
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Is Hubbell Stock A Buy?
The IBD 50 stock is building a consolidation with a 212.64 entry. See if it can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Regarding top and bottom line numbers, the company has posted two quarters of rising earnings growth. Sales growth has also risen over the same time frame.
Hubbell stock holds the No. 2 rank among its peers in the Electrical Power/Equipment industry group. Hubbell and nVent Electric are also among the group's highest-rated stocks.
