CompoSecure saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 89 to 95.
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This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
History shows that the best-performing stocks typically have an RS Rating of above 80 at the beginning of a new price run.
CompoSecure has climbed more than 5% past a 14.34 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth decreased in the most recent report from 15% to 9%. But revenue moved higher, from -42% to 10%.
The company earns the No. 5 rank among its peers in the Consumer Products-Specialty industry group. Oil-Dri of America is the No. 1-ranked stock 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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