When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD’s unique RS Rating identifies market leadership by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating of over 80 as they begin their biggest price moves. See if Sony Group can continue to show renewed price strength and hit that benchmark.
Sony Group is building a cup without handle with a 118.60 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal. Keep in mind that it’s a later-stage consolidation, and those entail more risk.
While the company’s bottom line growth dropped in the company’s most recent quarterly report from 155% to 71%, revenue rose 15%, up from 2% in the prior report.
Sony Group earns the No. 1 rank among its peers in the Media-Diversified industry group.
YOU MIGHT ALSO LIKE:
The post Stock Upgrades: Sony Group Shows Rising Relative Strength appeared first on Investor's Business Daily.
Originally published at https://www.investors.com/ibd-data-stories/stock-upgrades-sony-group-shows-rising-relative-strength/ on .