We track 32 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, 31 are still building a base; and 1 broke out earlier and is still above the breakout level.
The middle stock in this industry has a relative strength reading of 58 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 29 ranked stocks sit above 58 and half below. 14 stocks have a reading of 70 or higher.
17 of the 29 stocks we could measure (59%) closed above their 200-day average price — the average close over the last 200 trading sessions.