In a welcome move, Inter Parfums saw its Relative Strength Rating rise from 70 to 76 on Wednesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves. See if Inter Parfums can continue to show renewed price strength and clear that threshold.
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Inter Parfums is trying to complete a consolidation with a 161.17 buy point. See if it can break out in volume at least 40% higher than normal.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 27% to 28%. Revenue rose from 26% to 31%. The next quarterly results are expected on or around Feb. 27.
The company earns the No. 2 rank among its peers in the Cosmetics/Personal Care industry group. Inter Parfums and ODDITY Tech are also among the group's highest-rated stocks.
