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Eastman Chemical Sees RS Rating Improve To 73

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On Thursday, Eastman Chemical ( EMN ) earned an upgrade to its Relative Strength ( RS ) Rating , from 69 to 73.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique RS Rating tracks 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 best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Eastman Chemical can continue to rebound and hit that benchmark.

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Eastman Chemical is still inside a buy zone after climbing above a 95.06 entry in a flat base . Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.

Eastman Chemical showed 18% EPS growth last quarter, while sales growth came in at 8%. The company is expected to report its latest earnings and sales numbers on or around Jan. 26.

The company holds the No. 7 rank among its peers in the Chemicals-Plastics industry group. Kraton ( KRA ), Rogers ( ROG ) and PolyOne ( POL ) 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.


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

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