On Tuesday, Snap-On earned a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their biggest runs.
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Snap-On is working on a flat base with a 373.89 entry. See if it can break out in heavy trading. It's a later-stage pattern, and investors should be aware that those are less likely to launch sustained new runs.
Earnings growth declined last quarter from 4% to 1%. But sales moved higher, from -1% to 0%. The company is expected to report its latest numbers on or around Apr. 17.
Snap-On earns the No. 1 rank among its peers in the Building-Hand Tools industry group. Toro Co and Stanley Black & Decker 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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