The Relative Strength (RS) Rating for Watts Water Tech climbed into a new percentile Tuesday, as it got a lift from 68 to 71.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains 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 trying to complete a flat base with a 232.60 entry. See if the stock can clear the breakout price in heavy volume.
While revenue growth fell last quarter from 8% to -1%, earnings-per-share grew 4%, up from 0% in the previous report.
The company earns the No. 9 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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