Hayward Holdings saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 67 to 73.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Hayward Holdings can continue to rebound and hit that benchmark.
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Hayward Holdings broke out earlier, but has fallen back below the prior 16.04 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also keep in mind that the latest consolidation is a later-stage base, and those involve more risk.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 22%, compared to 11% in the prior report. Revenue increased from 0% to 3%.
The company holds the No. 2 rank among its peers in the Retail-Leisure Products industry group. Build-A-Bear Workshop is the top-ranked stock within the group.
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