One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Colgate-Palmolive just hit that mark, with a jump from 78 to 82 Monday.
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IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks often have an RS Rating of over 80 in the early stages of their moves.
Colgate-Palmolive is building a consolidation with a 109.30 entry. See if the stock can break out in volume at least 40% higher than normal.
Colgate-Palmolive reported 5% earnings growth in its most recent report. Revenue increased 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 top-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.
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