On Friday, Roper Technologies got a positive adjustment to its Relative Strength (RS) Rating, from 79 to 83.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near an ideal buying range right now, see if it manages to form and break out from a proper consolidation.
Earnings grew 10% last quarter, up from 7% in the prior report. Revenue also increased, from 13% to 16%.
Roper Technologies holds the No. 1 rank among its peers in the Diversified Operations industry group. Berkshire Hathaway Cl A and Berkshire Hathaway Cl B are also among the group's highest-rated stocks.
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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