Sector Spotlight – Industrials
You could say that we cherry-picked the subset below because the Technical Scoring for these seven stocks is decidedly better than the Technical Scoring for the S&P Industrials Economic Sector.
We’re including weekly charts for each stock with technical commentary.
Badger Meter (BMI): Potential BASE; we’d try it on the long side on a close above 110; near-term support @ 100 and more important support @ 90
Danaher (DHR): 3-month BASE in a well-defined uptrend; higher lows in the weekly MACD (middle panel) and BASING relative to S&P 500 (bottom panel). What’s not to like?
Dover (DOV): another 3-month BASE in a well-defined uptrend; weekly MACD firming in positive territory and relative action vs. the S&P 500 is also in an uptrend
Mettler-Toledo (MTD): Holy Toledo – it’s at a new all-time high; turning up from a higher low in the weekly MACD and a steady uptrend vs. the S&P, too.
PerkinElmer (PKI): Also, at a new all-time high; turning up from a higher low in the weekly MACD and a steady uptrend vs. the S&P.
Roper (ROP): Five-month BASE is interesting to us, but as far as the weekly MACD and its relative action vs. the S&P, we’d rather be involved with four of the five stocks already reviewed above.
Xylem (XYL): It has the weakest Technical Score so we’re going to stay on the sidelines with XYL.
