Celsius Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 89 to 92.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or higher RS Rating at the beginning of a new price run.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a chart pattern and break out. Certainly worth adding to the watchlist after stellar EPS growth in recent earnings report. Look for a pick-up in volume.
While sales growth fell last quarter from 192% to 167%, earnings-per-share grew 800%, up from 650% in the prior report.
Celsius Holdings 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.
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