Gates Industrial stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 65 to 71.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Gates Industrial stock can continue to show renewed price strength and hit that benchmark.
Looking For Winning Stocks? Try This Simple Routine
Is Gates Industrial Stock A Buy?
Gates Industrial stock is building a cup with handle with a 13.65 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The maker of engineered power transmission company showed 13% EPS growth in the latest quarterly report. Sales increased 1%. Look for the next report on or around Feb. 8.
Gates Industrial stock earns the No. 13 rank among its peers in the Electrical Power/Equipment industry group. Hubbell and nVent Electric are also among the group's highest-rated stocks.
