Colgate-Palmolive saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 80 to 83.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
Colgate-Palmolive is working on a consolidation with a 109.30 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company posted 5% earnings growth in its most recent report, while sales growth came in at 0%. Keep an eye out for the company's next round of numbers on or around Apr. 25.
The company earns the No. 4 rank among its peers in the Cosmetics/Personal Care industry group. ODDITY Tech is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
