We track 42 stocks in the Electrical Equipment industry (part of Capital Goods), each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 37 are still building a base; and 5 broke out but fell back below the breakout level.
The middle stock in this industry has a relative strength reading of 59 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 38 ranked stocks sit above 59 and half below. 14 stocks have a reading of 70 or higher.
22 of the 41 stocks we could measure (54%) closed above their 200-day average price — the average close over the last 200 trading sessions.