Badger Meter had its Relative Strength (RS) Rating upgraded from 66 to 74 Wednesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest runs. See if Badger Meter can continue to rebound and clear that threshold.
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Badger Meter is trying to complete a consolidation with a 239.10 entry. See if it can break out in volume at least 40% higher than normal.
Badger Meter posted 24% EPS growth in its most recent report. Sales rose 12%.
Badger Meter holds the No. 3 rank among its peers in the Machinery-General Industrial industry group. ESCO Technologies is the No. 1-ranked stock within the group.
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