The Relative Strength (RS) Rating for Celsius Holdings stock entered a new percentile Wednesday, with an increase from 77 to 84.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest runs.
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Is Celsius Holdings Stock A Buy?
Celsius Holdings reclaimed its 50-day moving average on Wednesday. The energy drink stock is not currently near a potential buy zone yet. See if the stock goes on to build a base that could spark a new run. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The energy drink beverage company showed 0% EPS growth last quarter. Revenue increased 104%.
Celsius Holdings stock holds the No. 8 rank among its peers in the Beverages-Non-Alcoholic industry group. Coca-Cola Femsa ADR and Coca-Cola Consolidated are also among the group's highest-rated stocks.
