ITT saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 67 to 71.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their largest climbs. See if ITT can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
ITT is trying to complete a flat base with a 161.13 entry. See if the stock can break out in heavy trade.
The company showed 7% earnings growth in its most recent report. Revenue rose 8%. The company is expected to report its latest numbers on or around Feb. 6.
The company earns the No. 12 rank among its peers in the Machinery-General Industrial industry group. Badger Meter, DXP Enterprises and Flowserve are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Price Performance?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
