The Relative Strength ( RS ) Rating for Trinseo ( TSE ) moved into a new percentile Wednesday, as it got a lift from 70 to 74.
[ibd-display-video id=2881825 width=50 float=left autostart=true] This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History shows that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves. See if Trinseo can continue to show renewed price strength and hit that benchmark.
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Trinseo is still within a buy zone after moving past a 75.30 buy point in a flat base . The proper buying range is up 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..
While the company's top line growth fell last quarter from 18% to 17%, the bottom line grew 28%, up from -40% in the prior report.
The company holds the No. 3 rank among its peers in the Chemicals-Plastics industry group. Kraton ( KRA ) 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.
