Veralto had its Relative Strength (RS) Rating upgraded from 69 to 72 Tuesday — a welcome improvement, but still below the 80 or better score you look for.
IBD's unique RS Rating tracks 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.
Decades of market research reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Veralto can continue to show renewed price strength and hit that benchmark.
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Veralto is trying to complete a flat base with a 115.00 entry. See if the stock can clear the breakout price in heavy trade.
Earnings grew 17% last quarter, up from 5% in the prior report. Revenue also increased, from 3% to 5%. Keep an eye out for the company's next round of numbers on or around Feb. 11.
Veralto holds the No. 12 rank among its peers in the Pollution-Control industry group. Aris Water Solutions, Perma-Pipe Intl and Republic Services are among the top 5 highly rated stocks within the group.
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