When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Vita Coco is one stock that just reached the mark, now earning a score of 85.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest price moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
While the stock is not near an ideal buy point right now, see if it manages to form and break out from a proper consolidation.
While the company's bottom line growth fell in the company's most recent performance report from 23% to -45%, revenue rose 20%, up from -4% in the prior report. The next quarterly numbers are expected on or around Apr. 30.
The company holds the No. 3 rank among its peers in the Beverages-Non-Alcoholic industry group. Primo Brands is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
