When putting together your watch list, look for stocks with an 80 or higher RS Rating. Elanco Animal Health is one stock that just reached the mark, now earning a score of 85.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of above 80 as they launch their biggest climbs.
While the stock is not near a proper buy zone right now, see if it goes on to form and break out from a proper base.
The company showed 9% EPS growth last quarter, while sales growth came in at -1%.
Elanco Animal Health earns the No. 1 rank among its peers in the Medical-Supplies industry group. Henry Schein and Avanos Medical are also among the group's highest-rated stocks.
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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