Hubbell had its Relative Strength (RS) Rating upgraded from 69 to 72 Wednesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Hubbell can continue to show renewed price strength and hit that benchmark.
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Hubbell is trying to complete a consolidation with a 481.35 entry. See if it can break out in heavy trading. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
Earnings growth moved up last quarter from 7% to 14%, but the top line fell from 6% to 5%. Keep an eye out for the company's next round of numbers on or around Feb. 4.
Hubbell holds the No. 5 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings is the top-ranked stock within the group.
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