Turning Point Brands Sees Relative Strength Rating Climb To 74

The Relative Strength (RS) Rating for Turning Point Brands (TPB) moved up into a higher percentile Monday, as it got a lift from 70 to 74.


As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

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 reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Turning Point Brands can continue to show renewed price strength and clear that threshold.

See How IBD Helps You Make More Money In Stocks

Turning Point Brands is building a consolidation with a 61.18 entry. See if it can break out in heavy volume.

Turning Point Brands reported 27% EPS growth last quarter, while sales growth came in at 17%. Keep an eye out for the company’s next round of numbers on or around Oct. 27.

Turning Point Brands holds the No. 1 rank among its peers in the Tobacco industry group.


Which Stocks Are Showing Improved Technical Action?

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Find Top Stocks Near A Buy Point With IBD Leaderboard

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button