When building your watch list, look for stocks with an 80 or higher RS Rating. ODDITY Tech just cleared that benchmark with an upgrade from 66 to 82.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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The stock, which is on theIPO Leaders screen, is working on a consolidation with a 51.00 entry. See if the stock can break out in heavy trading.
Earnings-per-share growth decreased in the company's most recent report from 52% to 18%, but sales rose from 26% to 27%.
The company earns the No. 1 rank among its peers in the Cosmetics/Personal Care industry group. Interparfums and Prestige Consumer Hlthcr are also among the group's highest-rated stocks.
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