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On Tuesday, Select Water Solutions (WTTR) hit an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 81, a rise from 77 the day before. IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes. History reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. Select Water Solutions is now considered extended and out of buy range after clearing a 10.00 buy point in a first-stage cup without 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 line. The company showed -23% earnings growth last quarter, while sales growth came in at 0%. The next quarterly results are expected on or around Nov. 4. Select Water Solutions earns the No. 4 rank among its peers in the Utility-Water Supply industry group. SABESP ADR (SBS) is the No. 1-ranked stock 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.
