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 using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the market’s biggest winners tend to have an RS Rating north of 80 as they launch their biggest runs. See if Paramount can continue to rebound and hit that benchmark.
Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock is able to form a consolidation and break out.
Paramount reported negative growth for both the top and bottom lines last quarter.
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