On Thursday, BWX Technologies (BWXT) hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 90 the day before.
↑ XIBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating of over 80 at the beginning of a new climb.
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BWX Technologies is now considered extended and out of buy range after clearing a 106.42 buy point in a second-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While EPS growth decreased in the company's most recent quarterly report from 26% to 24%, sales grew 14%, up from 11% in the previous report.
The company earns the No. 6 rank among its peers in the Electrical Power/Equipment industry group. American Superconductor (AMSC), Vertiv Holdings (VRT) and Powell Industries (POWL) are among the top 5 highly rated stocks within the group.
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