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Cabot RS Rating Spikes Past Benchmark

Cabot (CBT) saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 77 to 82. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

 

This unique 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 matches up against that of all other stocks.

Decades of market research reveals that the top-performing stocks often have an 80 or better RS Rating as they launch their biggest runs.


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Cabot has risen more than 5% past a 50.00 entry in a first-stage flat base, meaning it’s now out of a proper buy range. Look for Cabot stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

In terms of fundamental health, Cabot has posted three quarters of rising earnings growth. Revenue gains have also increased over the same time frame. Cabot’s most recent results were released on Tuesday.

Cabot holds the No. 5 rank among its peers in the Chemicals-Specialty industry group. Tronox (TROX) and Valhi (VHI) are also among the group’s highest-rated stocks.

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