In a welcome move, Clorox saw its Relative Strength Rating rise from 66 to 74 on Tuesday.
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Clorox can continue to rebound and clear that threshold.
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Clorox is working on a flat base with a 171.37 entry. See if it can clear the breakout price in volume at least 40% above average.
Clorox saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 9% to 280%. Revenue rose from -6% to 27%. Look for the next report on or around Feb. 3.
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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