Clorox (CLX) saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 70 to 73.
↑ XThis unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Clorox can continue to rebound and clear that threshold.
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Clorox is trying to complete a flat base with a 169.09 buy point. See if the stock can clear the breakout price in heavy trading.
Earnings grew 280% last quarter, up from 9% in the prior report. Revenue also increased, from -6% to 27%.
The company holds the No. 1 rank among its peers in the Soap & Cleaning Preparation industry group. Ecolab (ECL) and Church & Dwight (CHD) are also among the group's highest-rated stocks.
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