Wesco International had its Relative Strength (RS) Rating upgraded from 64 to 84 Friday.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
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Wesco International is still within a buy range after moving past a 192.00 buy point in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
Earnings growth dropped in the company's most recent report from -13% to -20%, but sales rose from -5% to -3%.
Wesco International earns the No. 2 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A is the No. 1-ranked stock within the group.
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