Cassava Sciences Stock Clears Benchmark, Hitting 80-Plus RS Rating

The Relative Strength (RS) Rating for Cassava Sciences (SAVA) entered a new percentile Thursday, with a rise from 77 to 85.

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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating measures market leadership by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.

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Cassava Sciences stock is not currently in a good buy position, although it has recently reversed a downtrend. See if the stock forms a new pattern now that it has cleared several key moving averages. It is closing in on the 200-day, with a recent spike in traffic. Once a new pattern is formed we can then look for a clear entry point.

Earnings Report

Cassava Sciences showed 0% EPS growth in its most recent report, while sales growth came in at 0%.

Cassava Sciences earns the No. 292 rank among its peers in the Medical-Biomed/Biotech industry group, which is currently in the top 20 of 197 groups. Arcturus Therapeutics (ARCT) and Catalyst Pharmaceuticals (CPRX) are also among the group’s highest-rated stocks.

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