Estee Lauder stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 64 to 72.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves. See if Estee Lauder stock can continue to rebound and clear that threshold.
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Is Estee Lauder Stock A Buy?
Estee Lauder stock is building a consolidation with a 283.72 buy point. See if the stock can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The cosmetic firm reported negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around May 3.
Estee Lauder stock earns the No. 12 rank among its peers in the Cosmetics/Personal Care industry group. Inter Parfums and Beauty Health are also among the group's highest-rated stocks.
