ODDITY Tech had its Relative Strength (RS) Rating upgraded from 77 to 81 Friday.
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IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.
ODDITY Tech is now considered extended and out of buy range after clearing a 51.00 buy point in a first-stage consolidation. 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 reported 12% earnings growth last quarter, while sales growth came in at 25%.
The company holds the No. 2 rank among its peers in the Cosmetics/Personal Care industry group. ODDITY Tech is the No. 1-ranked stock 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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