One important metric to look for in a stock is an 80 or higher Relative Strength Rating. e.l.f. Beauty just hit that mark, with a jump from 78 to 86 Thursday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History reveals that the top-performing stocks often have an 80 or better RS Rating as they begin their biggest runs.
e.l.f. Beauty is not currently offering a proper buying opportunity. See if the stock goes on to build a base that could kick off a new price move.
While the company's bottom line growth fell in the prior quarter from 47% to -19%, sales grew 9%, up from 4% in the previous report.
e.l.f. Beauty earns the No. 4 rank among its peers in the Cosmetics/Personal Care industry group. ODDITY Tech is the top-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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