Mirion Technologies had its Relative Strength (RS) Rating upgraded from 77 to 88 Thursday.
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest runs.
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Mirion Technologies has climbed 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 offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While earnings-per-share growth decreased in the company's most recently reported quarter from 60% to 13%, the top line rose 10%, up from 8% in the previous report. The next quarterly numbers are expected on or around Apr. 30.
The company earns the No. 7 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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