In a welcome move, Air Products & Chemicals saw its Relative Strength Rating rise from 62 to 74 on Monday.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves. See if Air Products & Chemicals can continue to rebound and clear that threshold.
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While Air Products & Chemicals is not near an ideal buying range right now, see if it manages to form and break out of a proper chart pattern.
Air Products & Chemicals saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 7% to 13%. Revenue rose from -2% to 0%. Keep an eye out for the company's next round of numbers on or around Jan. 30.
The company earns the No. 1 rank among its peers in the Chemicals-Specialty industry group. Perimeter Solutions and Element Solutions are also among the group's highest-rated stocks.
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