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Welbilt Gets Relative Strength Rating Upgrade

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Welbilt ( WBT ) had its Relative Strength ( RS ) Rating upgraded from 70 to 73 Wednesday -- a welcome improvement, but still shy of the 80 or higher score you look for.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matched up against all other stocks.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their largest runs. See if Welbilt can continue to show renewed price strength and clear that threshold.

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Welbilt is trying to complete a flat base with a 23.56 entry . See if the stock can break out in volume at least 40% above average.

The company reported 15% EPS growth in its most recent report, while sales growth came in at -1%.

The company holds the No. 4 rank among its peers in the Household-Appliances/Hardware industry group. Sodastream International ( SODA ) is the No. 1-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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