Watts Water Tech had its Relative Strength (RS) Rating upgraded from 70 to 73 Tuesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
History reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Watts Water Tech can continue to rebound and hit that benchmark.
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Watts Water Tech is working on a flat base with a 232.60 buy point. See if the stock can clear the breakout price in heavy volume.
Earnings growth rose last quarter from 0% to 4%. But sales fell from 8% to -1%.
Watts Water Tech earns the No. 7 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products, Tecnoglass and Armstrong Wrld Ind 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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