Badger Meter Stock Scores Rising Relative Strength

On Thursday, Badger Meter (BMI) stock reached an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 77 the day before.


When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

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

Decades of market research shows that the best stocks tend to have an 80 or better RS Rating as they launch their biggest runs.

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Is Badger Meter Stock A Buy?

Badger Meter stock is trying to complete a saucer with handle pattern with a 108.35 entry. See if the stock can break out in volume at least 40% above average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

Regarding fundamentals, Badger Meter stock has posted rising EPS growth over the last two quarters. Sales gains have also moved higher during the same period. The water meter maker is expected to release its next quarterly numbers on or around Oct. 16.

Badger Meter stock earns the No. 5 rank among its peers in the Machinery-General Industrial industry group. Kornit Digital (KRNT) and Kadant (KAI) are also among the group’s highest-rated stocks.


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