When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Balchem is one stock that just reached the mark, now earning a score of 81.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest runs.
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Balchem is working on a flat base with a 186.03 buy point. See if the stock can break out in heavy trade.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 3% to 9%. Revenue rose from 1% to 4%.
The company holds the No. 8 rank among its peers in the Chemicals-Specialty industry group. Valhi, Cabot Corp and Kronos Worldwide are among the top 5 highly rated stocks within the group.
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