Hayward Holdings stock had its Relative Strength (RS) Rating upgraded from 67 to 76 Friday -- a welcome improvement, but still short of the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to the rest of the market.
History shows that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Hayward Holdings stock can continue to rebound and hit that benchmark.
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Is Hayward Holdings Stock A Buy?
Hayward Holdings stock is trying to complete a cup-with-handle base with a 14.97 buy point. See if the stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The pool and outdoor living technology retailer reported negative growth for both sales and earnings last quarter. Hayward Holdings is expected to report its next quarterly numbers on or around Aug. 2.
Hayward Holdings stock holds the No. 8 rank among its peers in the Retail-Leisure Products industry group. Dick's Sporting Goods and Winmark are also among the group's highest-rated stocks.
