When building your watch list, look for stocks with an 80 or higher RS Rating. AAON now meets that criteria, with an increase from 78 to 87 Wednesday.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the best-performing stocks often have an RS Rating of over 80 as they launch their biggest price moves.
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AAON is trying to complete a cup without handle with a 96.34 buy point. See if it can break out in volume at least 40% higher than normal.
The company posted negative growth for both sales and earnings last quarter.
AAON earns the No. 6 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA, Trane Technologies and CSW Industrials are among the top 5 highly rated stocks within the group.
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