Livent stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 86 to 91.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's proprietary RS Rating identifies 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.
History reveals that the best stocks typically have an RS Rating of over 80 as they launch their largest price moves.
See How IBD Helps You Make More Money In Stocks
Is Livent Stock A Buy?
Livent stock cleared a cup with handle pattern with a 31.63 entry on Wednesday on above average volume. See if the chemical stock continues its rally higher.
Earnings growth decreased in the most recent quarter from 950% to 825%. But revenue gains moved higher, from 56% to 114%.
Livent stock holds the No. 2 rank among its peers in the Chemicals-Specialty industry group. Albemarle is the No. 1-ranked stock within the group.
