On Wednesday, Olin earned a positive adjustment to its Relative Strength (RS) Rating, from 67 to 70.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 as they begin their largest price moves. See if Olin can continue to show renewed price strength and hit that benchmark.
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Is Olin Stock A Buy?
Olin stock is building a double-bottom pattern consolidation with a 58.98 entry. See if the stock can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The diversified chemicals maker reported 27% EPS growth in the latest quarterly report, while sales growth came in at 18%. Look for the next report on or around Oct. 21.
Olin stock earns the No. 13 rank among its peers in the Chemicals-Specialty industry group. Livent Corp and SolarisOilfieldInfra are also among the group's highest-rated stocks.
