The Relative Strength (RS) Rating for Somnigroup International climbed into a new percentile Friday, with a rise from 79 to 84.
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest runs.
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Somnigroup International is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could launch a new move.
Top and bottom line growth moved higher last quarter. Earnings were up 13%, compared to 6% in the prior report. Revenue increased from 2% to 3%. Look for the next report on or around Apr. 24.
The company earns the No. 2 rank among its peers in the Household-Office Furniture industry group. Somnigroup International 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.
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