Nordson ( NDSN ) had its Relative Strength ( RS ) Rating upgraded from 66 to 87 Friday.
[ibd-display-video id=2368044 width=50 float=left autostart=true] This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.
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Nordson has climbed more than 5% past a 127.71 entry in a first-stage cup with handle , meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Nordson showed -1% EPS growth in its most recent report, while sales growth came in at 13%.
Nordson holds the No. 10 rank among its peers in the Machinery-General Industrial industry group. Gardner Denver Holdings ( GDI ), Graco ( GGG ) and Intricon ( IIN ) 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.
