The Relative Strength (RS) Rating for Ingevity entered a new percentile Friday, with an increase from 63 to 83.
This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating as they launch their biggest runs.
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Ingevity is trying to complete a cup with handle with a 51.67 entry. See if it can break out in volume at least 40% higher than normal.
Although earnings and sales growth came in at -9% and -15%, respectively, in the latest report, that means earnings have improved for the last three reports and revenue has risen for one.
The company earns the No. 15 rank among its peers in the Chemicals-Specialty industry group. Air Products & Chemicals, Perimeter Solutions and Luxfer Holdings are among the top 5 highly rated stocks within the group.
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