On Wednesday, SharkNinja hit a key performance benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 82, a rise from 76 the day before.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves.
While SharkNinja is not near an ideal buy zone right now, see if it manages to form and break out from a proper consolidation.
The company posted -18% earnings growth last quarter, while sales growth came in at 15%.
SharkNinja earns the No. 1 rank among its peers in the Household-Appliances/Hardware industry group. Middleby and Hamilton Beach Brands are also among the group's highest-rated stocks.
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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