On Friday, Itron got a positive adjustment to its Relative Strength (RS) Rating, from 79 to 84.
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This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they launch their biggest price moves.
Itron is working on a cup without handle with a 124.90 entry. See if it can break out in heavy trading.
Itron reported 10% earnings growth in the latest quarterly report. Sales gains came in at 6%. The company is expected to report its latest results on or around May 1.
The company earns the No. 1 rank among its peers in the Electronics-Scientific Measuring industry group. FARO Technologies and Camtek 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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