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

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Baxter International ( BAX ) had its Relative Strength ( RS ) Rating upgraded from 80 to 83 Thursday.

[ibd-display-video id=2531707 width=50 float=left autostart=true] IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.

History shows that the best stocks typically have an 80 or better RS Rating as they launch their biggest climbs.

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Baxter International is within a buy zone after breaking past a 64.85 entry in a flat base . Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.

Earnings growth dropped in the most recent quarter from 37% to 14%. But revenue gains moved higher, from 1% to 6%.

The company holds the No. 20 rank among its peers in the Medical-Products industry group. Align Technology ( ALGN ), Abiomed ( ABMD ) and Teleflex ( TFX ) 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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