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Stocks Showing Improving Market Leadership: Baxter International Earns 83 RS Rating

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One important metric to look for in a stock is an 80 or higher Relative Strength Rating . Baxter International ( BAX ) now clears that threshold, with a jump from 79 to 83 Wednesday.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.

History reveals that the best stocks tend to have an RS Rating of over 80 as they begin their biggest price moves.

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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a chart pattern and break out.

While earnings-per-share growth declined last quarter from 37% to 14%, sales grew 6%, up from 1% in the previous report. The next quarterly numbers are expected on or around Feb. 1.

Baxter International holds the No. 21 rank among its peers in the Medical-Products industry group. Align Technology ( ALGN ), Abiomed ( ABMD ) and Inogen ( INGN ) 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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