Cabot Corp had its Relative Strength (RS) Rating upgraded from 88 to 91 Monday.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Cabot Corp is now considered extended and out of buy range after clearing a 103.49 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Cabot Corp saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 34% to 35%. Revenue rose from -1% to 5%. Keep an eye out for the company's next round of numbers on or around Nov. 4.
The company earns the No. 4 rank among its peers in the Chemicals-Specialty industry group. Valhi is the No. 1-ranked stock within the group.
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