Dover Corp had its Relative Strength (RS) Rating upgraded from 69 to 72 Tuesday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Dover Corp can continue to show renewed price strength and clear that threshold.
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Dover Corp is trying to complete a flat base with a 208.26 buy point. See if the stock can break out in heavy volume.
Earnings growth fell last quarter from 13% to 6%. But sales moved higher, from 0% to 1%. Look for the next report on or around Jan. 30.
Dover Corp holds the No. 19 rank among its peers in the Machinery-General Industrial industry group. DXP Enterprises, Badger Meter and Flowserve are among the top 5 highly rated stocks within the group.
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