On Friday, Clear Secure cleared a noteworthy performance benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 83, up from 79 the day before.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their biggest price moves.
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Clear Secure is now considered extended and out of buy range after clearing a 21.88 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Clear Secure reported 43% EPS growth last quarter. Sales increased 24%.
Clear Secure holds the No. 5 rank among its peers in the Security/Safety industry group. Axon Enterprise is the No. 1-ranked stock within the group.
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