In a welcome move, Clorox saw its Relative Strength Rating rise from 67 to 73 on Wednesday.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Clorox can continue to rebound and hit that benchmark.
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Clorox is working on a flat base with a 171.37 buy point. See if it can break out in heavy trading.
Earnings grew 280% last quarter, up from 9% in the prior report. Revenue also increased, from -6% to 27%. Keep an eye out for the company's next round of numbers on or around Jan. 30.
The company holds the No. 1 rank among its peers in the Soap & Cleaning Preparation industry group. Ecolab and Church & Dwight are also among the group's highest-rated stocks.
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