The ODP Earns Relative Strength Rating Upgrade; Hits Key Threshold

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is The ODP (ODP), which had its Relative Strength (RS) Rating upgraded from 78 to 81 Friday.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating measures technical performance by showing how a stock’s price action over the last 52 weeks compares to that of other stocks on the major indexes.

History shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.

Looking For The Best Stocks To Buy And Watch? Start Here

The ODP is trying to complete a consolidation with a 51.50 entry. See if it can clear the breakout price in heavy volume.

Earnings grew 828% last quarter, up from 0% in the prior report. Revenue also increased, from -13% to 6%. Keep an eye out for the company’s next round of numbers on or around Nov. 5.

The ODP earns the No. 1 rank among its peers in the Retail/Wholesale-Office Supplies industry group.


IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Evaluate Any Stock With Stock Ratings, IBD Charts And Stock Checkup

Most Related Links :
todayuknews Governmental News Finance News

Source link

Back to top button
Native News Post