On Wednesday, S P X Flow (FLOW) earned a positive adjustment to its Relative Strength (RS) Rating, from 70 to 73.
X When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if S P X Flow can continue to rebound and clear that threshold.
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S P X Flow has moved more than 5% past a 46.93 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Although earnings and sales growth came in at -19% and -7%, respectively, in the latest report, that marked two straight quarters of improvement for earnings and two for the top line. S P X Flow is expected to report its next quarterly numbers on or around Feb. 11.
The company earns the No. 35 rank among its peers in the Machinery-General Industrial industry group. Mettler Toledo International (MTD) and Badger Meter (BMI) are also among the group's highest-rated stocks.
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January 20, 2021 at 03:00PM
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Stock Upgrades: S P X Flow Shows Rising Relative Strength - Investor's Business Daily
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