The Relative Strength (RS) Rating for Itron moved into a new percentile Monday, as it got a lift from 61 to 73.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks typically have an RS Rating north of 80 as they begin their largest price moves. See if Itron can continue to rebound and hit that benchmark.
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Itron is trying to complete a consolidation with a 124.90 buy point. See if it can clear the breakout price in volume at least 40% above average.
Itron showed 10% earnings growth in the latest quarterly report, while sales growth came in at 6%. Keep an eye out for the company's next round of numbers on or around May 1.
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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