On Monday, Emerson Electric earned an upgrade to its Relative Strength (RS) Rating, from 64 to 74.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Emerson Electric can continue to rebound and hit that benchmark.
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While now is not an ideal time to jump in, see if the stock goes on to form a base and break out.
The company reported 13% EPS growth in the latest quarterly report. Revenue gains came in at 1%.
The company earns the No. 4 rank among its peers in the Diversified Operations industry group. Roper Technologies is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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