When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Enpro just cleared that benchmark with an upgrade from 79 to 84.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History shows that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
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While the stock is not near a proper entry right now, see if it manages to form and break out of a proper consolidation.
The company reported 32% EPS growth last quarter, while sales growth came in at 4%.
Enpro holds the No. 12 rank among its peers in the Machinery-General Industrial industry group. ESCO Technologies, DXP Enterprises and Energy Recovery are among the top 5 highly rated stocks 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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