Crane NXT stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 69 to 75.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Crane NXT stock can continue to rebound and hit that benchmark.
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Is Crane NXT Stock A Buy?
Crane NXT stock is trading within a buying range after clearing a 64.80 entry in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
In terms of fundamental health, Crane NXT stock has posted rising EPS growth in each of the last three reports. Sales growth has also increased over the same time frame. The industrial tech company is expected to report its next quarterly numbers on or around Feb. 12.
Crane NXT stock holds the No. 16 rank among its peers in the Computer Software-Financial industry group. Intapp, Vertex and Clearwater Analytics are among the top 5 highly rated stocks within the group.
