On Monday, Hayward Holdings cleared an important technical benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 82, up from 78 the day before.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Hayward Holdings is trading within a buy zone after breaking past a 16.04 buy point in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
Top and bottom line growth moved higher last quarter. Earnings were up 22%, compared to 11% in the prior report. Revenue increased from 0% to 3%.
Hayward Holdings earns the No. 2 rank among its peers in the Retail-Leisure Products industry group. Build-A-Bear Workshop is the No. 1-ranked stock within the group.
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