The Relative Strength (RS) Rating for WD-40 entered a higher percentile Tuesday, as it got a lift from 63 to 72.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if WD-40 can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
WD-40 is still within a buy range after clearing a 278.78 buy point in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
While the company's bottom line growth decreased last quarter from 6% to 2%, revenue grew 11%, up from 9% in the previous report.
The company holds the No. 7 rank among its peers in the Chemicals-Specialty industry group. Cabot Corp, Valhi and Air Products & Chemicals are among the top 5 highly rated stocks within the group.
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