The Relative Strength (RS) Rating for Kenvue entered a new percentile Tuesday, with an increase from 79 to 82.
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the best stocks tend to have an RS Rating of at least 80 as they launch their biggest runs.
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Kenvue is building a flat base with a 23.55 entry. See if it can clear the breakout price in heavy trade.
Earnings growth rose in the company's most recent report from -15% to 7%, but the top line fell from 1% to 0%. Look for the next report on or around Nov. 7.
Kenvue holds the No. 7 rank among its peers in the Cosmetics/Personal Care industry group. FitLife Brands, ODDITY Tech and BellRing Brands are among the top 5 highly rated stocks within the group.
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