Dover Corp had its Relative Strength (RS) Rating upgraded from 67 to 71 Monday — a welcome improvement, but still shy of the 80 or better score you look for.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of over 80 as they begin their largest price moves. See if Dover Corp can continue to rebound and clear that threshold.
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Dover Corp is working on a flat base with a 208.26 buy point. See if the stock can break out in heavy trade.
While earnings-per-share growth declined last quarter from 13% to 6%, the top line rose 1%, up from 0% in the previous report. Keep an eye out for the company's next round of numbers on or around Feb. 4.
The company earns the No. 19 rank among its peers in the Machinery-General Industrial industry group. Badger Meter, DXP Enterprises and Graham Corp are among the top 5 highly rated stocks within the group.
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