On Monday, Beauty Health stock hit an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 84, a rise from 79 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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Is Beauty Health Stock A Buy?
Beauty Health stock is working on a cup with handle with a 13.68 entry. See if the stock can clear the breakout price in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While sales growth fell last quarter from 30% to 26%, the bottom line grew 400%, up from 150% in the prior report. Look for the next report on or around May 10.
Beauty Health stock earns the No. 2 rank among its peers in the Cosmetics/Personal Care industry group. Inter Parfums and Beauty Health are also among the group's highest-rated stocks.
