Hillenbrand is in a recession-resistant industry. That may be one reason the burial caskets and cremation urns maker's stock is outperforming the market. On Wednesday, the Relative Strength (RS) Rating for Hillenbrand stock climbed to 77, up 9 points from the day before.
Hillenbrand stock's raised RS Rating puts it in the top 25% of all stocks for price performance this past year. For its other ratings it holds a strong 89 Earnings Per Share Rating out of 99. Its Composite Rating is 85 and its Accumulation/Distribution Rating is B-, showing slightly more buying of its shares than selling.
Hillenbrand Stock Ready To Pop?
Market research shows that the best stocks to buy and watch typically have an 80 or better RS Rating in the early stages of their moves. See if Hillenbrand stock can continue close the small gap and its RS Rating and clear that threshold.
Earnings for the small-cap company grew 25% last quarter to 70 cents per share, up from 5% growth the prior report. Revenue rose 16% to $655.7 million.
See How IBD Helps You Make More Money In Stocks
Hillenbrand stock is working on a cup with handle with a 53.64 entry. See if it can break out in volume at least 40% higher than normal.
No. 1 Ranked In Industry Group
Hillenbrand stock holds the No. 1 rank among its peers in the Funeral Services & Related industry group. Matthews International and Service Corp. are also among the top 5 ranked stocks in the group.
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