On Tuesday, Vita Coco earned an upgrade to its Relative Strength (RS) Rating, from 87 to 91.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks typically have an RS Rating of above 80 as they launch their biggest climbs.
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Vita Coco has climbed more than 5% past a 33.29 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth rose in the company's most recent report from 3% to 23%, but revenue fell from 3% to -4%.
The company earns the No. 1 rank among its peers in the Beverages-Non-Alcoholic industry group. Primo Water and Coca-Cola Consolidated are also among the group's highest-rated stocks.
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