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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Otis Worldwide Clears Key Benchmark, Hitting 80-Plus RS Rating

When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Otis Worldwide just met that criteria with a new score of 84.

IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.

Over 100 years of market history reveals that the best stocks tend to have an RS Rating of at least 80 as they launch their biggest price moves.

Looking For The Best Stocks To Buy And Watch? Start Here

Otis Worldwide broke out earlier, but is now about 4% below the prior 106.33 entry from a cup without handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also keep in mind that the most recent consolidation is a later-stage base, and those involve more risk.

Earnings grew 7% last quarter, up from 1% in the prior report. Revenue also increased, from 1% to 2%.

The company earns the No. 12 rank among its peers in the Machinery-General Industrial industry group. Energy Recovery, ESCO Technologies 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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