Applied Indl Techs had its Relative Strength (RS) Rating upgraded from 87 to 91 Thursday.
IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 at the beginning of a new climb.
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Applied Indl Techs has risen more than 5% past a 223.15 entry in a second-stage consolidation, meaning it's now out of a proper buy range. 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 line.
Applied Indl Techs reported -3% earnings growth in the latest quarterly report, while sales growth came in at 0%.
Applied Indl Techs earns the No. 3 rank among its peers in the Machinery-Tools & Related industry group. Enerpac Tool Group is the top-ranked stock within the group.
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