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PerkinElmer Stock Sees Improved Technical Ratings; Still Within Buy Zone

PerkinElmer (PKI) had its Relative Strength (RS) Rating upgraded from 69 to 72 Monday — a welcome improvement, but still below the 80 or better score you look for.




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When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the last 52 weeks matched up against all other stocks.

Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating as they begin their largest climbs. See if Perkinelmer can continue to show renewed price strength and hit that benchmark.


Looking For Winning Stocks? Try This Simple Routine


The IBD Big Cap 20 stock is still within a buy range after breaking past a 149.19 buy point in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it’s best to hold off investing and wait for it to set up another buying opportunity. 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.”

 

Taking a look at revenue and profit performance, the company has posted rising EPS growth in each of the last four reports. Revenue gains have also moved higher over the same time frame. PerkinElmer stock is expected to report its next quarterly numbers on or around Jul. 28.

The company holds the No. 3 rank among its peers in the Medical-Research Equipment/Services industry group. Iqvia Holdings (IQV) and Avantor (AVTR) are also among the group’s highest-rated stocks.

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