In a welcome move, Otis Worldwide saw its Relative Strength Rating rise from 68 to 78 on Friday.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Otis Worldwide can continue to rebound and hit that benchmark.
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Otis Worldwide is working on a cup without handle with a 106.33 buy point. See if the stock can clear the breakout price in heavy volume.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 7%, compared to 1% in the prior report. Revenue increased from 1% to 2%.
The company holds the No. 22 rank among its peers in the Machinery-General Industrial industry group. ESCO Technologies, Energy Recovery and Badger Meter 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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