We track 44 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, 42 are still building a base; and 2 broke out but fell back below the breakout level.
The middle stock in this industry has a relative strength reading of 57 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 40 ranked stocks sit above 57 and half below. 13 stocks have a reading of 70 or higher.
25 of the 43 stocks we could measure (58%) closed above their 200-day average price — the average close over the last 200 trading sessions.