The Relative Strength ( RS ) Rating for Dow Chemical ( DWDP ) climbed into a higher percentile Friday, as it got a lift from 69 to 72.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating as they begin their biggest price moves. See if Dow Chemical can continue to rebound and clear that threshold.
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Dow Chemical is still inside a buy range after breaking past a 73.95 buy point in a flat base . The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
The company posted 10% EPS growth in its most recent report, while sales growth came in at 8%. Look for the next report on or around Jan. 26.
The company holds the No. 5 rank among its peers in the Chemicals-Basic industry group. Westlake Chemical ( WLK ) is the No. 1-ranked stock 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.