ELF Beauty stock had its Relative Strength (RS) Rating upgraded from 85 to 93 Friday. ELF Beauty reported positive Q4 fiscal 2024 results and upbeat Fiscal 2025 guidance.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or higher RS Rating at the beginning of a new price run.
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Is ELF Beauty Stock A Buy?
ELF Beauty stock reclaimed its 50-day moving average on Thursday after posting positive quarterly earnings. The IBD 50 stock is building a consolidation with a 221.83 entry. See if the stock can break out in heavy trading.
The cosmetic company showed 26% earnings growth in the latest quarterly report, while sales growth came in at 71%.
ELF Beauty stock earns the No. 2 rank among its peers in the Cosmetics/Personal Care industry group. FitLife Brands is the No. 1-ranked stock within the group.
