Chart Industries stock saw its IBD SmartSelect Composite Rating jump to 97 Wednesday, up from 91 the day before.
The new rating shows the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria.
Chart Industries stock broke out earlier, but is now trading around -4% below the prior 171.68 entry from a cup without handle. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price.
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The energy stock has a 98 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 98% of all stocks.
Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
Chart Industries Earnings
In Q4, the oil & gas equipment company reported 32% earnings-per-share growth. Revenue growth came in at 9%, down from 18% in the prior quarter.
Chart Industries stock earns the No. 2 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Archrock is the top-ranked stock within the group.
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