Dover saw its Relative Strength (RS) Rating advance to 73 on Monday, up from 70 the day before. The specialized industrial products maker could be working on the right side of a double-bottom base. Dover stock has appreciated about 23% in just the last six weeks.
Other Dover Stock Ratings
Dover stock rose above both its 50-day and 200-day lines earlier this month. Meanwhile, some of its other ratings are strong. Dover sports an 88 Earnings Per Share Rating, putting it in the top 12% of all companies, regardless of industry, for recent and long-term earnings growth. Its 85 Composite Rating means that Dover stock has outperformed 85% of all stocks on a group of five other key metrics. And its SMR Rating (sales+profit margins+return on equity) is a strong B on an A-to-E scale with A tops.
Market research shows that top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Dover stock can continue to show renewed price strength and clear that threshold.
Dover designs and manufactures a wide variety of industrial equipment and systems for virtually every market, ranging from automotive to imaging to clean energy and others.
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Profit Growth Rate Accelerating
Earnings for the Chicago-area based company grew 14% last quarter, to $2.26 per share. That was up from 4% growth in the prior report. Revenue growth also inched higher, rising from 6% to 7%, or $2.16 billion.
Small-cap EnPro Industries is the top rated stock in the Machinery-General Industrial industry group. SPX Technologies and Badger Meter are also among the group's highest-rated stocks.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
