On Friday, Stanley Black & Decker stock hit a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 76 the day before.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an 80 or higher RS Rating as they launch their biggest climbs.
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Is Stanley Black & Decker Stock A Buy?
Stanley Black & Decker stock is in a buy zone after moving past a 96.89 entry in a cup without handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
The tool maker reported 0% earnings growth in its most recent report. Revenue increased -12%. Keep an eye out for the company's next round of numbers on or around Aug. 1.
Stanley Black & Decker stock earns the No. 5 rank among its peers in the Building-Hand Tools industry group. LS Starrett and Toro Co are also among the group's highest-rated stocks.
