5 consumer discretionary stocks hit fresh 52-week high. See the technical standpoint
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The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement.
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"The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 11% from 50DMA and 200DMA, respectively. From an O'Neil Methodology perspective, the stock has an EPS Rank of 48 which is a POOR score indicating inconsistency in earnings; a Relative Strength Rating of 69 which is FAIR indicating the recent price performance, "according to MarketSmithIndia.com
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"The stock from a technical standpoint is comfortably placed above its key moving averages, around 17% and 28% from 50DMA and 200DMA, respectively. It has recently broken out of a base in its weekly chart and is trading around 5% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 87 which is a GOOD score indicating consistency in earnings; a RS Rating of 84 which is GOOD indicating the outperformance as compared to other stocks, "according to MarketSmithIndia.com.
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"The stock from a technical standpoint is comfortably placed above its key moving averages, around 24% and 43% from 50DMA and 200DMA, respectively. It has recently broken out of a base in its weekly chart and is trading around 22% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 92 which is a GREAT score indicating consistency in earnings; a RS Rating of 89 which is GOOD indicating the outperformance as compared to other stocks, "according to MarketSmithIndia.com
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"The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 39% from 50DMA and 200DMA, respectively. It has recently broken out of a base in its weekly chart and is trading around 5% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 85 which is a GOOD score indicating consistency in earnings; a RS Rating of 87 which is GOOD indicating the outperformance as compared to other stocks, "according to MarketSmithIndia.com
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"The stock from a technical standpoint is comfortably placed above its key moving averages, around 14% and 32% from 50DMA and 200DMA, respectively. From an O'Neil Methodology perspective, the stock has an EPS Rank of 73 which is a FAIR score but needs to improve its earnings; a RS Rating of 89 which is GOOD indicating the outperformance as compared to other stocks, "according to MarketSmithIndia.com
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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