In a welcome move, Steris stock saw its Relative Strength Rating improve from 70 to 73 on Tuesday.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Steris stock can continue to rebound and clear that threshold.
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Is Steris Stock A Buy?
Steris stock is building a cup without handle with a 248.24 buy point. See if the medical equipment stock can clear the breakout price in heavy trade but be very cautious as market conditions is currently in correction mode.
The infection prevention products and services provider showed 11% earnings growth in its most recent report. Sales gains came in at 6%.
Steris stock holds the No. 3 rank among its peers in the Medical-Systems/Equipment industry group. Intuitive Surgical is the top-ranked stock within the group.
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