Sally Beauty had its Relative Strength (RS) Rating upgraded from 69 to 73 Thursday — a welcome improvement, but still short of the 80 or better score you look for.
This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating of over 80 as they launch their largest price moves. See if Sally Beauty can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Sally Beauty broke out earlier, but is now about 4% below the prior 13.95 entry from a cup without handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also keep in mind that the most recent consolidation is a later-stage base, and such bases are more prone to failure.
The company posted 19% EPS growth in the latest quarterly report. Sales rose 1%.
The company earns the No. 6 rank among its peers in the Retail-Specialty industry group. RB Global, Regis and Dogness International are among the top 5 highly rated stocks within the group.
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