On Thursday, Herbalife received a positive adjustment to its Relative Strength (RS) Rating, from 87 to 92.
How To Use Stock Charts To Stay Profitable And Protected
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an 80 or better RS Rating in the early stages of their moves.
Herbalife has risen more than 5% past a 9.23 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. 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.
The company posted 20% earnings growth last quarter, while sales growth came in at -3%. The company is expected to report its latest numbers on or around Aug. 6.
Herbalife earns the No. 6 rank among its peers in the Cosmetics/Personal Care industry group. ODDITY Tech, e.l.f. Beauty and Lifevantage 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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