On Monday, e.l.f. Beauty received an upgrade to its Relative Strength (RS) Rating, from 69 to 83.
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This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
While now is not an ideal time to buy shares, see if the stock manages to establish and enter a buying range in heavy trade.
Earnings growth declined last quarter from 47% to -19%. But revenue moved higher, from 4% to 9%.
e.l.f. Beauty holds the No. 6 rank among its peers in the Cosmetics/Personal Care industry group. ODDITY Tech, Lifevantage and Nature's Sunshine 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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