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The Relative Strength (RS) Rating for Mettler-Toledo (MTD) moved up into a higher percentile Wednesday, as it got a lift from 70 to 75. This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database. Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest price moves. See if Mettler-Toledo can continue to show renewed price strength and clear that threshold. Mettler-Toledo has moved more than 5% past a 1,340.85 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line. The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -8% to 5%. Revenue rose from -5% to 4%. Look for the next report on or around Nov. 6. The company holds the No. 23 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies (SPXC), ESCO Technologies (ESE) and DXP Enterprises (DXPE) are among the top 5 highly rated stocks within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
