On Tuesday, Sally Beauty reached an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 86, up from 77 the day before.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves.
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Sally Beauty is building a flat base with a 13.95 entry. See if it can break out in heavy trade.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -8%, compared to -15% in the prior report. Revenue increased from -1% to 1%. The next quarterly results are expected on or around Nov. 7.
The company holds the No. 4 rank among its peers in the Retail-Specialty industry group. RB Global is the No. 1-ranked stock within the group.
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