In a welcome move, Acushnet Holdings saw its Relative Strength Rating rise from 62 to 72 on Wednesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating north of 80 as they begin their biggest runs. See if Acushnet Holdings can continue to show renewed price strength and clear that threshold.
Acushnet Holdings is trying to complete a consolidation with a 76.65 entry. See if the stock can break out in volume at least 40% above average.
Earnings growth increased in the company's most recent report from 0% to 20%, but sales fell from 8% to -1%.
Acushnet Holdings earns the No. 2 rank among its peers in the Leisure-Products industry group. Amer Sports 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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