An image of a pen and a calculator
Markets

Stocks To Watch: Praxair Sees Relative Strength Rating Rise To 81

An image of a pen and a calculator
Shutterstock photo

Praxair ( PX ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Tuesday, with an upgrade from 78 to 81.

[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.

Looking For Winning Stocks? Try This Simple Routine

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.

RELATED:

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

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.

In This Story

RS CCF FOE

Other Topics

Stocks

Latest Markets Videos