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Crane Stock Enters Leadership Territory With 83 RS Rating

When considering what names to put on your watchlist, focus on stocks with an 80 or higher Relative Strength Rating. Crane Co. (CR) just cleared that benchmark with an upgrade from 80 to 83. Is Crane stock on your radar?




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As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary rating tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of above 80 in the early stages of their moves. So the 83 RS Rating for Crane stock is noteworthy.


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Is Crane Stock A Buy?

Crane stock is working on a consolidation with a 104.84 entry. See if it can break out in heavy volume.

Regarding fundamentals, Crane Co. has posted two quarters of increasing earnings growth. Sales gains have also moved higher during the same period. The maker of industrial products is expected to report its next quarterly numbers on or around Oct. 26.

Crane stock earns the No. 2 rank among its peers in the Diversified Operations industry group. Carlisle Cos. (CSL) is also among the group’s highest-rated stocks.

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