nVent Electric had its Relative Strength (RS) Rating upgraded from 70 to 80 Thursday.
This unique rating measures market leadership 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 that of all other stocks.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
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nVent Electric is building a cup without handle with an 86.57 entry. See if the stock can break out in heavy trade. It's a later-stage pattern, and investors should be aware that those involve more risk.
nVent Electric posted -3% earnings growth last quarter, while sales growth came in at 9%.
The company earns the No. 12 rank among its peers in the Electrical Power/Equipment industry group. Powell Industries, Vertiv Holdings and American Superconductor are among the top 5 highly rated stocks within the group.
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