ODDITY Tech saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 80 to 83.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History shows that the best-performing stocks typically have an RS Rating north of 80 as they launch their biggest climbs.
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The stock, which is on theIPO Leaders screen, is building a consolidation with a 51.00 buy point. See if the stock can break out in volume at least 40% above average.
Earnings growth moved up in the company's most recent report from 46% to 52%, but the top line fell from 27% to 26%.
ODDITY Tech earns the No. 1 rank among its peers in the Cosmetics/Personal Care industry group. Interparfums and FitLife Brands are also among the group's highest-rated stocks.
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