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Traeger Stock Fires Up 80-Plus Relative Strength Rating

When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Traeger (COOK) stock just met that criteria with a new score of 83.




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

IBD’s proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the last 52 weeks matches up against that of all other stocks.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.


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


Is Traeger Stock A Buy?

Traeger stock is building an ipo base with a 32.69 buy point. See if it can break out in heavy volume. 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.”

 

Earnings On Fire

The wood pellet grill maker’s earnings grew 250% last quarter, up from 0% in the prior report. Revenue also increased, from 79% to 107%. Next quarterly earnings report due on Sept. 9 after the close.

Traeger stock holds the No. 6 rank among its peers in the Household-Appliances/Hardware industry group. Whirlpool (WHR) and Betterware De Mexico (BWMX) are also among the group’s highest-rated stocks.

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