One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Elanco Animal Health cleared that benchmark Friday, with a jump from 77 to 89 Friday.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or higher RS Rating as they launch their biggest climbs.
While now is not an ideal time to jump in, see if the stock manages to offer and clear a proper buy point.
Earnings-per-share growth fell last quarter from 9% to -13%, but sales rose from -1% to 5%.
The company earns the No. 1 rank among its peers in the Medical-Supplies industry group. Becton Dickinson and West Pharmaceutical Svcs 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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