John Bean Technologies had its Relative Strength (RS) Rating upgraded from 76 to 84 Thursday.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they launch their biggest climbs.
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While the stock is not near an ideal buy zone right now, see if it is able to form and break out from a proper chart pattern.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 35%, compared to 8% in the prior report. Revenue increased from -6% to 12%.
The company holds the No. 6 rank among its peers in the Machinery-General Industrial industry group. Badger Meter, Graham Corp and SPX Technologies are among the top 5 highly rated stocks within the group.
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