Wesco International had its Relative Strength (RS) Rating upgraded from 70 to 74 Thursday — a welcome improvement, but still short of the 80 or better score you prefer to see.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest runs. See if Wesco International can continue to show renewed price strength and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
While the stock is not near a proper buy point right now, see if it goes on to form and break out of a proper chart pattern.
Earnings growth slowed last quarter from -13% to -20%. But sales moved higher, from -5% to -3%.
The company earns the No. 8 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A, Coherent and Bel Fuse Cl B are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
