The Relative Strength (RS) Rating for Wabtec entered a new percentile Friday, with an increase from 79 to 83.
This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
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Wabtec is not currently offering a proper buying opportunity. See if the stock goes on to build a chart pattern that could ignite a new run.
The company showed 9% earnings growth in its most recent report. Sales rose 2%.
The company earns the No. 1 rank among its peers in the Transportation-Equipment Manufacturing industry group. FreightCar America and Greenbrier are also among the group's highest-rated stocks.
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