On Monday, nVent Electric stock got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 72. The electrical connection and protection solutions firm announced that they are collaborating with Nvidia to develop AI-ready liquid cooling solutions for data centers.
IBD's unique rating tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if nVent Electric stock can continue to rebound and clear that threshold.
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Is nVent Electric Stock A Buy?
nVent Electric is working on a cup with handle with a 78.85 entry. See if it can clear the breakout price in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
The electrical connection and protection solutions company reported -3% earnings growth in its most recent report, while sales growth came in at 9%.
nVent Electric stock holds the No. 13 rank among its peers in the Electrical Power/Equipment industry group. American Superconductor, Vertiv Holdings and Powell Industries are among the top 5 highly rated stocks within the group.
