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Stocks With Rising Relative Strength: Snap On

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Snap On ( SNA ) had its Relative Strength ( RS ) Rating upgraded from 68 to 71 Thursday -- a welcome improvement, but still short of the 80 or better score you prefer to see.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the best stocks often have an 80 or better RS Rating in the early stages of their moves. See if Snap On can continue to show renewed price strength and clear that threshold.

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Snap On is still within a buy range after breaking past a 174.16 entry in a cup with handle . The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..

The company reported 10% earnings growth last quarter. Revenue rose 9%. Look for the next report on or around Feb. 2.

The company earns the No. 2 rank among its peers in the Building-Hand Tools industry group. Stanley Black & Decker ( SWK ) is the top-ranked stock 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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