When building your watch list, look for stocks with an 80 or higher RS Rating. Acushnet Holdings now meets that criteria, with a jump from 78 to 82 Friday.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an 80 or higher RS Rating as they begin their biggest price moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a chart pattern and break out.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 2% to 5%. Revenue rose from -1% to 5%.
Acushnet Holdings earns the No. 4 rank among its peers in the Leisure-Products industry group. Amer Sports is the top-ranked stock within the group.
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