Focus on stocks that have an RS rating of 80 or more when putting together a watch list. Olin (OLN), a stock that just scored 82, has met this criteria.
Relative price strength is a factor to consider when deciding which stocks to purchase and monitor.
This proprietary rating determines market leadership using a score ranging from 1 (worst), to 99 (best), which identifies the price movement of a stock over the past 52 weeks compared with that of other stocks.
Market research over the years has shown that the biggest market winners are those who have a RS Rating of 80 or more in the initial stages of their move.
Are you looking for winning stocks? Use This Simple Routine
Olin stock is attempting to complete a consolidate with a 64.80. Check if the volume of the stock is at least 40% above normal. You can read "Looking for the Next Big Stock Market Winners?" For more information, read "Start With These Three Steps".
The company's top and bottom line both showed negative growth in the last quarter. Olin Corp will report its next quarter's numbers around April. 27.
Olin Stock is ranked No. 24 among its peers in the Chemicals-Specialty industry group. Chemicals-Specialty group peers rate Olin stock at No. Orion Engineered Carbons and NewMarket are also amongst the highest-rated shares in the group.
You may also like:
MarketSmith Tools can help the individual investor
IBD Live: New tool for daily stock market analysis
SwingTrader: Profit from short-term trends
How to Research growth stocks: Why this IBD tool simplifies the search for top stocks
Investor's Business Daily published the post Olin Stock Shows Rising Rating Strength Relative Upgrade.