Celsius Holdings stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 76 to 95.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks typically have an 80 or better RS Rating as they launch their largest price moves.
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Is Celsius Holdings Stock A Buy?
Celsius Holdings stock retook its 200-day moving average and forming a cup-shaped base. While the fitness beverage stock is not near a proper entry right now, see if it is able to form and break out of a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth moved up in the company's most recent report from 650% to 800%, but sales fell from 192% to 167%.
Celsius Holdings stock holds the No. 1 rank among its peers in the Beverages-Non-Alcoholic industry group. Coca Cola Bottling and Monster Beverage are also among the group's highest-rated stocks.
