On Friday, Emerson Electric earned an upgrade to its Relative Strength (RS) Rating, from 78 to 81.
IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Emerson Electric is trying to complete a flat base with a 134.85 entry. See if it can break out in volume at least 40% higher than normal.
Earnings grew 15% last quarter, up from 11% in the prior report. Revenue also increased, from 11% to 13%. The next quarterly numbers are expected on or around Feb. 5.
Emerson Electric holds the No. 1 rank among its peers in the Diversified Operations industry group. 3M and Johnson Controls Intl are also among the group's highest-rated stocks.
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