The Relative Strength (RS) Rating for John Bean Technologies jumped into a new percentile Monday, with a rise from 77 to 82.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buying range in heavy trade.
Top and bottom line growth moved higher last quarter. Earnings were up 35%, compared to 8% in the prior report. Revenue increased from -6% to 12%.
John Bean Technologies holds the No. 6 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies, Taylor Devices and Badger Meter are among the top 5 highly rated stocks within the group.
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