On Friday, Tempur Sealy got an upgrade to its Relative Strength (RS) Rating, from 80 to 83.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves.
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Tempur Sealy is trading within a buy zone after moving past a 58.44 entry in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Earnings growth declined last quarter from 9% to 6%. But revenue moved higher, from -3% to 2%. Look for the next report on or around Feb. 6.
The company holds the No. 2 rank among its peers in the Household-Office Furniture industry group. Flexsteel Industries is the top-ranked stock within the group.
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