Carpenter Technology saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 92 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Carpenter Technology is trading within a buy range from a 198.24 entry from a cup without handle. But note that it's a later-stage base, and such bases are more prone to failure.
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The stock earns an 80 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company posted 95% EPS growth. Revenue growth fell to 8%, down from 10% in the prior quarter.
Carpenter Technology holds the No. 1 rank among its peers in the Steel-Specialty Alloys industry group. ATI and INNOVATE are also among the group's highest-rated stocks.
