The Relative Strength (RS) Rating for Badger Meter jumped into a new percentile Monday, with an increase from 79 to 82.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
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While the stock is not near a proper buying range right now, see if it is able to form and break out of a proper chart pattern.
The company posted 23% EPS growth last quarter. Sales rose 12%.
Badger Meter earns the No. 4 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies is the No. 1-ranked stock within the group.
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