Air Products & Chemicals saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 80 to 84.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History reveals that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest price moves.
Risk Management In The Stock Market: How Much Money To Invest Now
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy trade.
Air Products & Chemicals reported 1% EPS growth in the latest quarterly report, while sales growth came in at -2%. The company is expected to report its latest numbers on or around Apr. 24.
Air Products & Chemicals earns the No. 8 rank among its peers in the Chemicals-Specialty industry group. NewMarket, Linde and Balchem are among the top 5 highly rated stocks within the group.
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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
