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On Thursday, JBT Marel (JBTM) received an upgrade to its Relative Strength (RS) Rating, from 70 to 75. IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database. History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they launch their largest climbs. See if JBT Marel can continue to rebound and hit that benchmark. JBT Marel is trying to complete a consolidation with a 148.76 entry. See if the stock can break out in volume at least 40% above average. The company reported 10% EPS growth in the latest quarterly report, while sales growth came in at 121%. JBT Marel earns the No. 12 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.
