When putting together your watch list, look for stocks with an 80 or higher RS Rating. Coca-Cola Europacific now meets that criteria, with a jump from 80 to 83 Tuesday.
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This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
Coca-Cola Europacific has risen more than 5% past an 88.39 entry in a second-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 1% EPS growth last quarter. Sales rose 7%. Keep an eye out for the company's next round of numbers on or around Aug. 6.
The company earns the No. 4 rank among its peers in the Beverages-Non-Alcoholic industry group. Vita Coco 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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