Sensient Stock Scores Appetizing RS Rating

The Relative Strength Rating for Sensient Technologies (SXT) climbed into a new percentile Monday, with an increase from 79 to 82. Is Sensient stock on your radar?

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

IBD’s proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the trailing 52 weeks matches up against other publicly traded companies.

Decades of market research shows that the market’s biggest winners typically have an 80 or better RS Rating as they launch their biggest climbs. So the 82 RS Rating for Sensient stock is noteworthy.

Sensient is a maker of colors, fragrances and flavors for food and personal care products, among other things. Sensient stock traded up 0.22% to 96.42 in afternoon trading today.

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Is Sensient Stock In The Buy Zone?

Sensient stock has climbed more than 5% past an 88.49 entry in a second-stage cup with handle, meaning it’s now out of a proper buy zone.

Look for Sensient stock to offer a new chance to pick up shares, like a three-weeks-tight pattern or a pullback to the 50-day or 10-week line.

Earnings growth decreased last quarter from 13% to 10%. But sales growth improved, from 4% to 6%.

Sensient stock holds the No. 2 rank among its peers in the Food-Miscellaneous Preparation industry group. Fresh Del Monte Produce (FDP) is also one of the group’s highest-rated stocks.


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