The Relative Strength (RS) Rating for Badger Meter stock climbed into a new percentile Friday, with a rise from 73 to 88.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Is Badger Meter Stock A Buy?
Badger Meter stock cleared a first-stage cup with handle Thursday on positive Q1' 2024 earnings. It has risen more than 5% past a 164.81 entry, thus it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth rose last quarter from 40% to 50%, but revenue fell from 24% to 23%.
Badger Meter stock holds the No. 1 rank among its peers in the Machinery-General Industrial industry group. Taylor Devices and Graham Corp are also among the group's highest-rated stocks.
