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Cosmetic Maker ELF Beauty Stock Sees Attractive Relative Strength Rating

On Tuesday, ELF Beauty (ELF) stock received a positive adjustment to its Relative Strength (RS) Rating, from 78 to 81.




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

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

Decades of market research reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


Is ELF Beauty Stock A Buy?

ELF Beauty stock had a failed a breakout from a cup with handle pattern in early September and is not currently showing a potential entry point. See if the stock goes on to build a chart pattern that could launch a new move. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

While earnings-per-share growth dropped in the prior quarter from 60% to 59%, the top line grew 50%, up from 24% in the previous report.

ELF Beauty stock holds the No. 2 rank among its peers in the Cosmetics/Personal Care industry group. ELF Beauty (ELF) and Prestige Brands (PBH) are also among the group’s highest-rated stocks.

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