Markets

IBD Rating Upgrades: Nutrisystem Flashes Improved Price Strength

Shutterstock photo

Nutrisystem ( NTRI ) had its Relative Strength ( RS ) Rating upgraded from 69 to 72 Tuesday -- a welcome improvement, but still short of the 80 or better score you look for.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Nutrisystem can continue to show renewed price strength and clear that threshold.

Looking For Winning Stocks? Try This Simple Routine

Nutrisystem is building a double bottom with a 60.90 entry . See if the stock can clear the breakout price in heavy trading. Be aware that it's a third-stage base. Such later-stage patterns are more likely to fail than earlier-stage consolidations.

While sales growth fell last quarter from 30% to 27%, EPS grew 63%, up from 48% in the previous report.

Nutrisystem earns the No. 2 rank among its peers in the Cosmetics/Personal Care industry group. Estee Lauder ( EL ) is the No. 1-ranked stock within the group.

RELATED:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

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.

In This Story

RS EL

Other Topics

Stocks