Itron had its Relative Strength (RS) Rating upgraded from 68 to 74 Tuesday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Itron can continue to rebound and clear that threshold.
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Itron is working on a consolidation with a 124.90 entry. See if it can clear the breakout price in heavy trading.
Itron reported 10% EPS growth in the latest quarterly report. Revenue rose 6%.
The company holds the No. 1 rank among its peers in the Electronics-Scientific Measuring industry group. FARO Technologies and Camtek are also among the group's highest-rated stocks.
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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