On Thursday, WD-40 received a positive adjustment to its Relative Strength (RS) Rating, from 80 to 85.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.
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WD-40 is struggling inside a consolidation with a 234.69 entry. See if the stock can clear the breakout price in heavy trade.
In terms of fundamentals, WD-40 has posted two quarters of rising earnings growth. Revenue gains have also moved higher during the same period. The company is expected to release its next quarterly numbers today, Oct. 19, after the close, so buyer beware.
WD-40 holds the No. 4 rank among its peers in the Chemicals-Specialty industry group. NewMarket and U.S. Silica Holdings are also among the group's highest-rated stocks.
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