Stock Upgrades: Sony Group Shows Rising Relative Strength
On Wednesday, Sony Group earned an upgrade to its Relative Strength (RS) Rating, from 65 to 71.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating of over 80 in the early stages of their moves. See if Sony Group can continue to rebound and hit that benchmark.
Sony Group is working on a consolidation with a 118.60 buy point. See if the stock can clear the breakout price in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
Sony Group reported 6% EPS growth in the latest quarterly report, while sales growth came in at 12%.
Sony Group holds the No. 1 rank among its peers in the Media-Diversified industry group.