One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Celsius Holdings cleared that benchmark Wednesday, with a jump from 79 to 86 Wednesday.
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IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
History shows that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
While Celsius Holdings is not near a proper buying range right now, see if it goes on to form and break out of a proper base.
Although earnings and sales growth came in at -18% and -4%, respectively, in the latest report, that showed improvement for both the top and bottom lines. The company is expected to report its next quarterly numbers on or around May 13.
Celsius Holdings earns the No. 17 rank among its peers in the Beverages-Non-Alcoholic industry group. Primo Brands, Coca-Cola Consolidated and Vita Coco are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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