Stocks With Rising Relative Strength: Avient
The Relative Strength (RS) Rating for Avient jumped into a higher percentile Friday, as it got a lift from 70 to 76.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if Avient can continue to show renewed price strength and clear that threshold.
Avient is working on a cup with handle with a 52.91 entry. See if it can break out in heavy trading.
In terms of top and bottom line numbers, Avient has posted four quarters of rising earnings growth. Revenue growth has also increased during the same period.
The company earns the No. 2 rank among its peers in the Chemicals-Plastics industry group. Avient and Fuwei Films are also among the group's highest-rated stocks.