The Relative Strength (RS) Rating for Powell Industries headed into a new percentile Tuesday, as it got a lift from 69 to 74.
This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves. See if Powell Industries can continue to rebound and clear that threshold.
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Powell Industries is now considered extended and out of buy range after clearing a 198.49 buy point in a second-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported 44% EPS growth last quarter. Sales gains came in at 24%.
Powell Industries holds the No. 8 rank among its peers in the Electrical Power/Equipment industry group. American Superconductor, Vertiv Holdings and AZZ are among the top 5 highly rated stocks within the group.
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