One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Vita Coco just hit that mark, with a jump from 79 to 83 Thursday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating of at least 80 as they begin their biggest runs.
Vita Coco is still inside a buy zone after breaking past a 40.32 entry in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Vita Coco reported 19% earnings growth in its most recent report, while sales growth came in at 17%.
Vita Coco earns the No. 1 rank among its peers in the Beverages-Non-Alcoholic industry group. Embotell Andina A ADR and Monster Beverage are also among the group's highest-rated stocks.
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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