When building your watch list, look for stocks with an 80 or higher RS Rating. Amicus Therapeutics just cleared that benchmark with an upgrade from 77 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
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Amicus Therapeutics is trying to complete a consolidation with a 14.10 buy point. This is after failing to hold gains from a previous cup with handle pattern. See if the stock can continue moving higher and then clear the breakout price in volume at least 40% above average.
The company reported 0% earnings growth in its most recent report. Sales gains came in at 17%.
Amicus Therapeutics earns the No. 39 rank among its peers in the Medical-Biomed/Biotech industry group. HUTCHMED (China) ADR and Kiniksa Pharmaceuticals are also among the group's highest-rated stocks.
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