Perimeter Solutions saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 77 to 84.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
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Perimeter Solutions is now considered extended and out of buy range after clearing an 8.18 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Perimeter Solutions reported 0% earnings growth in the latest quarterly report. Revenue rose 45%.
Perimeter Solutions earns the No. 3 rank among its peers in the Chemicals-Specialty industry group. Solaris Energy Infr is the top-ranked stock within the group.
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