On Friday, Clorox stock got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 76.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if Clorox stock can continue to show renewed price strength and hit that benchmark.
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Is Clorox Stock A Buy?
Clorox stock broke out earlier, but is now about 4% below the prior 169.09 entry from a flat base. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also understand that the most recent pattern is a later-stage base, and those involve more risk.
The consumer products company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 9% to 280%. Revenue rose from -6% to 27%.
Clorox stock earns the No. 1 rank among its peers in the Soap & Cleaning Preparation industry group. Ecolab and Church & Dwight are also among the group's highest-rated stocks.
