On Thursday, Hayward Holdings cleared a key performance benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 86, a rise from 80 the day before.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best-performing stocks typically have an 80 or higher RS Rating as they begin their biggest climbs.
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Hayward Holdings is within a buy range after climbing above a 16.04 buy point in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
Earnings grew 22% last quarter, up from 11% in the prior report. Revenue also 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 top-ranked stock within the group.
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