Banking

Deluxe Earns RS Rating Upgrade, Breaking The 70 Threshold

The Relative Strength (RS) Rating for Deluxe (DLX) entered a higher percentile Monday, as it got a lift from 68 to 73.




X



When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research shows that the market’s biggest winners tend to have an RS Rating of above 80 as they launch their largest runs. See if Deluxe can continue to rebound and clear that threshold.


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


Deluxe has risen more than 5% past a 29.00 entry in a first-stage cup with handle, meaning it’s now out of a proper buy range. 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.

The company posted negative growth for both the top and bottom lines last quarter.

The company earns the No. 3 rank among its peers in the Office Supplies Manufacturing industry group. Acme United (ACU) and Deluxe (DLX) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros

MarketSmith’s Tools Can Help The Individual Investor

Profit From Short-Term Trends With SwingTrader

Get Timely Buy & Sell Alerts With IBD Leaderboard

How To Make Money In Stocks In 3 Simple Steps

 

Most Related Links :
Business News Governmental News Finance News

Source link

Back to top button