Acadia Pharmaceuticals (ACAD) stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 88 to 91.
X
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an RS Rating of above 80 as they launch their biggest price moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Acadia Pharmaceuticals Stock A Buy?
Like a lot of growth biotech stocks, Acadia Pharmaceuticals stock has pulled back from its record high and is not currently showing a potential buy point. See if the stock goes on to form a promising consolidation that could launch a new move. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
While revenue growth fell last quarter from 9% to 8%, earnings-per-share grew 35%, up from 0% in the previous report.
Acadia Pharmaceuticals stock holds the No. 20 rank among its peers in the Medical-Biomed/Biotech industry group. Pacira Pharmaceuticals (PCRX), Amphastar Pharmaceutcls (AMPH) and Regeneron Pharmaceutical (REGN) are among the top 5 highly rated stocks within the group. For more industry news, check out “Biotech And Pharmaceutical Industry And Stock News.”
YOU MIGHT ALSO LIKE:
MarketSmith’s Tools Can Help The Individual Investor
IBD Live: A New Tool For Daily Stock Market Analysis
Profit From Short-Term Trends With SwingTrader
How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks
Source: https://www.investors.com/news/technology/acadia-pharmaceuticals-stock-shows-market-leadership-with-jump-to-91-rs-rating/?src=A00220&yptr=yahoo