AbCellera Biologics saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 77 to 81.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The grade 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 market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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AbCellera Biologics is not currently near a potential buying area. While it is a low-priced stock, it does trade an average volume of millions of shares each day. As the stock clears key moving averages, see if the stock goes on to form a clear chart pattern that could launch a new move in higher than current trade volume.
The company showed 0% earnings growth last quarter. Sales gains came in at 1,740%.
AbCellera Biologics holds the No. 52 rank among its peers in the Medical-Biomed/Biotech industry group. Genmab ADR and Vertex Pharmaceuticals are also among the group's highest-rated stocks.
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