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Danimer Scientific Stock Hits 80-Plus Relative Strength Rating Benchmark

Danimer Scientific (DNMR) saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 78 to 83.




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When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks holds up against all the other stocks in our database.

Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they begin their biggest runs.


Looking For The Best Stocks To Buy And Watch? Start Here


After a meteoric rise to a 52-week high of 66.30 on Feb. 10, Danimer Scientific stock has pulled back from those levels and living under its 50-day moving average. It’s starting to rally off a possible bottom and out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

The chemicals firm showed -550% earnings growth last quarter. Revenue increased 24%.

Danimer Scientific stock holds the No. 10 rank among its peers in the Chemicals-Plastics industry group. Avient (AVNT) and Advansix (ASIX) are also among the group’s highest-rated stocks.

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