The Relative Strength (RS) Rating for Clear Secure entered a new percentile Wednesday, with an increase from 79 to 85.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of over 80 as they launch their biggest price moves.
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Clear Secure is now considered extended and out of buy range after clearing a 21.88 buy point in a first-stage double bottom. 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.
The company showed 43% EPS growth last quarter. Sales gains came in at 24%.
The company earns the No. 6 rank among its peers in the Security/Safety industry group. Axon Enterprise, Byrna Technologies and Resideo Technologies are among the top 5 highly rated stocks within the group.
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