Clear Secure saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 68 to 71.
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This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating north of 80 as they begin their largest runs. See if Clear Secure can continue to show renewed price strength and hit that benchmark.
Clear Secure is now considered extended and out of buy range after clearing a 21.88 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted -7% EPS growth last quarter. Revenue gains came in at 18%.
The company holds the No. 13 rank among its peers in the Security/Safety industry group. APi Group, Axon Enterprise and Byrna Technologies are among the top 5 highly rated stocks within the group.
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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