[ibd-display-video id=2385970 width=50 float=left autostart=true] This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Praxair has climbed more than 5% past a 138.79 entry in a first-stage flat base , 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.
Top and bottom line growth moved higher last quarter. Earnings were up 6%, compared to 5% in the prior report. Revenue increased from 6% to 8%.
The company holds the No. 21 rank among its peers in the Chemicals-Specialty industry group. Ferro ( FOE ), KMG Chemicals ( KMG ) and Chase ( CCF ) are among the top 5 highly rated stocks within the group.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.