Waters Corp saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 77 to 81.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.
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While the stock is not near an ideal buying range right now, see if it goes on to form and break out from a proper consolidation.
In terms of fundamentals, the company has posted rising EPS growth in each of the last three reports. Sales gains have also risen during the same period.
The company holds the No. 6 rank among its peers in the Medical-Systems/Equipment industry group. Intuitive Surgical, Masimo and Electromed 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.
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