The Relative Strength (RS) Rating for Clear Secure climbed into a new percentile Thursday, with a rise from 78 to 81.
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IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
Clear Secure is now considered extended and out of buy range after clearing a 21.88 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported -7% EPS growth in the latest quarterly report, while sales growth came in at 18%. Keep an eye out for the company's next round of numbers on or around Aug. 5.
The company holds the No. 12 rank among its peers in the Security/Safety industry group. Federal Signal, Axon Enterprise and Allegion 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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