The Relative Strength (RS) Rating for Dover Corp moved up into a new percentile Monday, as it got a lift from 68 to 74.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matched up against all other stocks.
History shows that the top-performing stocks often have an RS Rating of above 80 as they begin their biggest price moves. See if Dover Corp can continue to rebound and hit that benchmark.
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Dover Corp broke out earlier, but has fallen back below the prior 192.31 entry from a flat base. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also understand that the most recent pattern is a later-stage base, and those involve more risk.
Earnings growth slowed last quarter from 13% to 6%. But sales moved higher, from 0% to 1%.
Dover Corp holds the No. 17 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies, Energy Recovery and Badger Meter are among the top 5 highly rated stocks within the group.
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