On Friday, Otis Worldwide got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 72.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Otis Worldwide can continue to show renewed price strength and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a consolidation and break out.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 7%. Revenue rose from 1% to 2%. Keep an eye out for the company's next round of numbers on or around Apr. 23.
Otis Worldwide earns the No. 12 rank among its peers in the Machinery-General Industrial industry group. ESCO Technologies, DXP Enterprises and Energy Recovery 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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