Stocks Showing Improved Relative Strength: Nutrien
On Friday, Nutrien received an upgrade to its Relative Strength (RS) Rating, from 70 to 77.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest price moves. See if Nutrien can continue to rebound and hit that benchmark.
Nutrien is trying to complete a flat base with a 66.03 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings grew 43% last quarter, up from 0% in the prior report. Revenue also increased, from 11% to 16%.
The company earns the No. 1 rank among its peers in the Chemicals-Agriculture industry group.