ITT had its Relative Strength (RS) Rating upgraded from 68 to 72 Thursday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest price moves. See if ITT can continue to show renewed price strength and clear that threshold.
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ITT is building a flat base with a 161.13 entry. See if it can break out in heavy trading.
The company reported 7% earnings growth in its most recent report, while sales growth came in at 8%.
The company holds the No. 12 rank among its peers in the Machinery-General Industrial industry group. Graham Corp, Badger Meter and DXP Enterprises are among the top 5 highly rated stocks within the group.
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