We track 35 stocks in the Industrial Manufacturing 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, 25 are still building a base; 4 broke out of a base in the last five sessions; and 6 broke out earlier and are still above the breakout level.
The middle stock in this industry has a relative strength reading of 78 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 33 ranked stocks sit above 78 and half below. 19 stocks have a reading of 70 or higher.
28 of the 34 stocks we could measure (82%) closed above their 200-day average price — the average close over the last 200 trading sessions.