Life Time Group Holdings saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 93 the day before.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Life Time Group Holdings is currently forming a consolidation, with a 34.99 entry. See if the stock can break out in volume at least 40% higher than normal.
One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q1, the company posted 160% EPS growth. Sales growth fell to 18%, down from 19% in the prior quarter.
Life Time Group Holdings holds the No. 2 rank among its peers in the Leisure-Services industry group. Royal Caribbean Group 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.
