Turtle Beach Sees IBD RS Rating Improve To 74
The Relative Strength (RS) Rating for Turtle Beach jumped into a new percentile Tuesday, as it got a lift from 65 to 74.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of over 80 as they begin their biggest price moves. See if Turtle Beach can continue to show renewed price strength and clear that threshold.
While the stock is not near a proper entry right now, see if it goes on to form and break out from a proper consolidation.
The company posted negative growth for both sales and earnings last quarter.
The company holds the No. 7 rank among its peers in the Consumer Products-Electronics industry group. Sonos and Plantronics are also among the group's highest-rated stocks.