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Relatively Good Performance Detected in Shares of Colfax Corp in the Industrial Machinery Industry (CFX , LECO , XYL , PH , SNA )

By Shiri Gupta

We looked at the Industrial Machinery industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Colfax Corp (NYSE:CFX ) ranks first with a gain of 1.58%; Lincoln Electric (NASDAQ:LECO ) ranks second with a gain of 1.31%; and Xylem Inc (NYSE:XYL ) ranks third with a gain of 1.25%.

Parker Hannifin (NYSE:PH ) follows with a gain of 1.18% and Snap-On Inc (NYSE:SNA ) rounds out the top five with a gain of 1.03%.

SmarTrend recommended that its subscribers protect gains by selling shares of Snap-On Inc on January 30th, 2018 by issuing a Downtrend alert when the shares were trading at $173.72. Since that call, shares of Snap-On Inc have fallen 16.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance colfax corp lincoln electric xylem inc parker hannifin snap-on inc