One important metric to look for in a stock is an 80 or higher Relative Strength Rating. e.l.f. Beauty cleared that benchmark Wednesday, with a jump from 80 to 85 Wednesday.
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This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves.
While the stock is not near an ideal entry right now, see if it manages to form and break out from a proper base.
Earnings growth rose last quarter from 0% to 47%, but the top line fell from 31% to 4%.
The company earns the No. 4 rank among its peers in the Cosmetics/Personal Care industry group. ODDITY Tech is the top-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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