We track 84 stocks in the Industrial Products 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, 65 are still building a base; 4 broke out of a base in the last five sessions; 8 broke out earlier and are still above the breakout level; 6 broke out but fell back below the breakout level; and 1 is not in a base we recognise.
The middle stock in this industry has a relative strength reading of 69 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 79 ranked stocks sit above 69 and half below. 39 stocks have a reading of 70 or higher.
60 of the 81 stocks we could measure (74%) closed above their 200-day average price — the average close over the last 200 trading sessions.