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Carlisles Getting Closer To Key Technical Measure

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Carlisles ( CSL ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Wednesday, with an increase from 68 to 72.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This unique rating identifies market leadership 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 shows that the best stocks often have an 80 or higher RS Rating as they begin their largest runs. See if Carlisles can continue to show renewed price strength and clear that threshold.

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Carlisles is still inside a buy zone after clearing a 116.50 buy point in a cup without handle . Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.

Top and bottom line growth moved higher last quarter. Earnings were up -8%, compared to -15% in the prior report. Revenue increased from 8% to 10%.

The company earns the No. 6 rank among its peers in the Diversified Operations industry group. Chemed ( CHE ), Roper Technologies ( ROP ) and Honeywell International ( HON ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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