On Friday, Zurn Elkay Water Solns received an upgrade to its Relative Strength (RS) Rating, from 78 to 81.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
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Zurn Elkay Water Solns has moved more than 5% past a 34.58 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth fell last quarter from 38% to 17%. But revenue moved higher, from 2% to 3%.
The company holds the No. 10 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies, Taylor Devices and Badger Meter are among the top 5 highly rated stocks within the group.
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