One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Wesco International now clears that threshold, with a jump from 77 to 86 Thursday.
This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating of above 80 as they launch their biggest climbs.
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Wesco International has risen more than 5% past a 192.00 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth slowed in the most recent quarter from -13% to -20%. But revenue moved higher, from -5% to -3%.
The company holds the No. 4 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A is the top-ranked stock within the group.
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