On Tuesday, Vita Coco earned an upgrade to its Relative Strength (RS) Rating, from 79 to 83.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest runs.
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Vita Coco is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could ignite a new run.
While the company's bottom line growth declined last quarter from 23% to -45%, sales rose 20%, up from -4% in the prior report.
The company earns the No. 5 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.
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