Taylor Devices saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 92 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Taylor Devices is not currently near a proper buy point. Look for the stock to form and break out of a new chart pattern. Note that it is a thinly traded stock, with average daily dollar volume under $8 million.
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The stock sports a 96 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 63% EPS growth. Sales growth increased 17%, up from 13% in the prior quarter. That marks one quarter of increasing revenue increases.
Taylor Devices earns the No. 1 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies and Badger Meter are also among the group's highest-rated stocks.
