Stocks Flashing Renewed Technical Strength: Life Time

On Wednesday, Life Time (LTH) hit a noteworthy technical benchmark, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an improvement to 91, up from 81 the day before.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price performance over the trailing 52 weeks matches up against other publicly traded companies.

History shows that the top-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves.

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Life Time has moved more than 5% past an 18.12 entry in a first-stage ipo base, meaning it’s now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings growth rose last quarter from 0% to 52%. But sales fell from 301% to 67%.

The company earns the No. 13 rank among its peers in the Leisure-Services industry group. Endeavor Group (EDR), Hilton Grand Vacations (HGV) and RCI Hospitality (RICK) are among the top 5 highly rated stocks within the group.


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