Wesco International saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 88 to 91.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their largest runs.
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Wesco International broke out earlier, but is now approximately 4% below the prior 141.02 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.
Earnings growth declined in the most recent quarter from 160% to 154%. But revenue gains moved higher, from 18% to 22%.
The company earns the No. 1 rank among its peers in the Electronics-Parts industry group. Avnet and Littelfuse are also among the group's highest-rated stocks.
