Markets

Stocks With Rising Relative Strength: Becton Dickinson

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The Relative Strength ( RS ) Rating for Becton Dickinson ( BDX ) moved into a higher percentile Thursday, as it got a lift from 68 to 71.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the market's biggest winners often have an RS Rating north of 80 as they begin their largest price moves. See if Becton Dickinson can continue to show renewed price strength and hit that benchmark.

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Becton Dickinson broke out earlier, but is now trading about 4% below the prior 229.78 entry from a flat base . If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also understand that the latest consolidation is a later-stage base, and those involve more risk.

While earnings growth dropped in the company's most recently reported quarter from 13% to 6%, revenue rose 5%, up from -2% in the previous report.

The company holds the No. 1 rank among its peers in the Medical-Supplies industry group. West Pharmaceutical Services ( WST ) and Halyard Health ( HYH ) are also among the group's highest-rated stocks.

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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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