On Friday, Hologic reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 79 the day before.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
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While now is not an ideal time to buy shares, see if the stock goes on to form a base and break out.
Hologic posted 5% earnings growth in its most recent report, while sales growth came in at 2%.
The company earns the No. 12 rank among its peers in the Medical-Systems/Equipment industry group. , Iradimed and Masimo are among the top 5 highly rated stocks within the group.
