On Monday, Eastman Chemical stock received an upgrade to its Relative Strength (RS) Rating, from 70 to 77.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.
Decades of market research reveals that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves. See if Eastman Chemical stock can continue to show renewed price strength and hit that benchmark.
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Is Eastman Chemical Stock A Buy?
Eastman Chemical stock is working on a flat base with a 105.98 buy point. See if the industrial stock can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings grew 8% last quarter, up from -1% in the prior report. Revenue also increased, from -4% to 2%.
Eastman Chemical stock holds the No. 2 rank among its peers in the Chemicals-Plastics industry group. Avient is the top-ranked stock within the group.
