One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Energizer Holdings cleared that benchmark Wednesday, with a jump from 73 to 85 Wednesday.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 as they begin their biggest runs.
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Energizer Holdings has climbed more than 5% past a 32.30 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 2% EPS growth in the latest quarterly report, while sales growth came in at -1%.
The company holds the No. 1 rank among its peers in the Consumer Products-Specialty industry group. CompoSecure and Oil-Dri of America are also among the group's highest-rated stocks.
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