In a welcome move, MINISO Group Holding stock saw its Relative Strength Rating rise from 69 to 74 on Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if MINISO Group Holding stock can continue to show renewed price strength and hit that benchmark.
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Is MINISO Group Holding Stock A Buy?
MINISO Group Holding stock rallied 10% Wednesday and reclaimed its 200-day moving average. The retail stock is not within a buying range. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
EPS growth fell in the company's latest report from 127% to 47%, but sales rose from 30% to 33%.
MINISO Group Holding stock holds the No. 1 rank among its peers in the Retail-Discount & Variety industry group.
