When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD’s proprietary RS Rating identifies technical performance by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks tend to have an 80 or better RS Rating as they begin their biggest price moves. See if Mettler Toledo International can continue to rebound and hit that benchmark.
While Mettler Toledo International is not near a proper entry right now, see if it manages to form and break out from a proper chart pattern.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 19% to 64%. Revenue rose from 11% to 24%.
Mettler Toledo International holds the No. 1 rank among its peers in the Machinery-General Industrial industry group.
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