PTC Therapeutics Clears Key Benchmark, Hitting 80-Plus RS Rating

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The Relative Strength ( RS ) Rating for PTC Therapeutics ( PTCT ) entered a new percentile Tuesday, with a rise from 79 to 82.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This proprietary rating tracks technical performance 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 the rest of the market.

Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating as they launch their biggest price moves.

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PTC Therapeutics is building a consolidation with a 22.10 buy point . See if it can break out in heavy trade.

Earnings growth rose last quarter from 0% to 20%. But revenue gains fell from 207% to 82%.

PTC Therapeutics earns the No. 93 rank among its peers in the Medical-Biomed/Biotech industry group. Corcept Therapeutics ( CORT ), Vertex Pharmaceuticals ( VRTX ) and Sucampo Pharmaceuticals ( SCMP ) are among the top 5 highly rated stocks within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: RS , PTCT , CORT , VRTX ,

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