The Relative Strength (RS) Rating for Mirion Technologies entered a new percentile Tuesday, with a rise from 74 to 84.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest climbs.
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Mirion Technologies has risen more than 5% past an 11.18 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While EPS growth declined in the prior quarter from 60% to 13%, the top line grew 10%, up from 8% in the previous report. The company is expected to report its latest results on or around Apr. 30.
The company holds the No. 6 rank among its peers in the Machinery-General Industrial industry group. ESCO Technologies, DXP Enterprises and Energy Recovery 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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