The Relative Strength (RS) Rating for Envista Holdings moved up into a higher percentile Tuesday, as it got a lift from 70 to 74.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating north of 80 as they launch their largest price moves. See if Envista Holdings can continue to rebound and clear that threshold.
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Envista Holdings is building a consolidation with a 23.00 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
While sales growth fell last quarter from -4% to -5%, the bottom line grew -72%, up from -74% in the previous report. The next quarterly numbers are expected on or around Feb. 5.
The company holds the No. 30 rank among its peers in the Medical-Systems/Equipment industry group. Electromed, Intuitive Surgical and Brainsway ADR are among the top 5 highly rated stocks within the group.
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