On Tuesday, Univar Solutions stock earned an upgrade to its Relative Strength (RS) Rating, from 89 to 93.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
Is Univar Solutions Stock A Buy?
Univar Solutions stock is building the right side of a cup without handle with a 34.10 entry. See if the stock can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The stock's relative strength line is in new high territory, a positive indicator ahead of a potential breakout.
The chemicals firm showed 35% earnings growth last quarter, while sales growth came in at 20%.
Univar Solutions stock earns the No. 1 rank among its peers in the Chemicals-Specialty industry group. Albemarle and Air Products & Chemicals are also among the group's highest-rated stocks.
