When putting together your watch list, look for stocks with an 80 or higher RS Rating. e.l.f. Beauty just met that criteria with a new score of 83.
Hone Your Stock-Picking Skills By Focusing On These Factors
This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest price moves.
e.l.f. Beauty is still inside a buy zone after moving past a 124.31 entry in a double bottom. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
Earnings growth slowed last quarter from 47% to -19%. But revenue moved higher, from 4% to 9%.
e.l.f. Beauty holds 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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