Traeger Stock Reaches 80-Plus Relative Strength Rating Benchmark

The Relative Strength (RS) Rating for Traeger Inc (COOK) entered a new percentile Friday, with an increase from 76 to 82.

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

IBD’s unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks matches up against other publicly traded companies.

Over 100 years of market history shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

The Traeger stock is working on an ipo base with a 32.69 entry. See if it can clear the breakout price in heavy trading.

Top and bottom line growth moved higher last quarter. Earnings were up 250%, compared to 0% in the prior report. Revenue increased from 79% to 107%.

Traeger Inc holds the No. 6 rank among its peers in the Household-Appliances/Hardware industry group. Whirlpool (WHR) and Lifetime Brands (LCUT) are also among the group’s highest-rated stocks.


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
Find The Best Long-Term Investments With IBD Long-Term Leaders


Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button