Credit: Shutterstock photoEmerson Electric ( EMR ) saw a positive improvement to its Relative Strength ( RS ) Rating on Wednesday, rising from 69 to 72.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 as they launch their largest runs. See if Emerson Electric can continue to show renewed price strength and clear that threshold.
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Emerson Electric is working on a cup without handle with a 67.89 entry . See if the stock can break out in volume at least 40% above average.
Earnings growth dropped in the most recent report from 15% to -19%. But revenue gains moved higher, from 10% to 13%.
Emerson Electric earns the No. 9 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.
