Gates Industrial Corp Sees Relative Strength Rating Improve To 72

Gates Industrial Corp (GTES) saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 69 to 72.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.

History reveals that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Gates Industrial Corp can continue to show renewed price strength and hit that benchmark.

Looking For The Best Stocks To Buy And Watch? Start Here

Gates Industrial Corp is trying to complete a consolidation with a 19.04 entry. See if the stock can clear the breakout price in volume at least 40% above average.

In terms of fundamentals, Gates Industrial Corp has posted rising EPS growth over the last two quarters. Revenue growth has also increased over the same time frame.

Gates Industrial Corp earns the No. 7 rank among its peers in the Electrical Power/Equipment industry group. Generac (GNRC) and Regal Beloit (RBC) are also among the group’s highest-rated stocks.


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

See How To Reduce Risk, Increase Profits With Swing Trading

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button