The Relative Strength (RS) Rating for Acushnet Holdings entered a higher percentile Thursday, as it got a lift from 69 to 73.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Acushnet Holdings can continue to show renewed price strength and hit that benchmark.
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Acushnet Holdings broke out earlier, but has fallen back below the prior 74.77 entry from a cup without handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also understand that the latest pattern is a later-stage base, and such bases are more prone to failure.
Earnings grew 5% last quarter, up from 2% in the prior report. Revenue also increased, from -1% to 5%.
The company holds the No. 3 rank among its peers in the Leisure-Products industry group. Amer Sports is the No. 1-ranked stock within the group.
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