When building your watch list, focus on stocks with an 80 or higher RS Rating. Establishment Labs Hldgs just cleared that benchmark with an upgrade from 77 to 83.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
While the stock is not near an ideal buy zone right now, see if it is able to form and break out of a proper base.
Establishment Labs Hldgs reported 0% EPS growth in its most recent report. Revenue gains came in at 4%.
The company holds the No. 61 rank among its peers in the Medical-Products industry group. Globus Medical, Penumbra and Insulet are among the top 5 highly rated stocks within the group.
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