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Cannabis Tilray Stock Shows Rising Price Performance With Jump To 90 RS Rating

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is Tilray (TLRY), which saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 69 to 90.




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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 tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the last 52 weeks matches up against all other stocks in our database.

History reveals that the market’s biggest winners tend to have an 80 or better RS Rating as they begin their largest price moves.


Looking For Winning Stocks? Try This Simple Routine


Tilray stock jumped 25% on Wednesday after reporting mixed earnings results since Aphria merger. The stock sits just under its 50-day moving average and is now considered extended and out of proper buy range. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

Earnings growth declined last quarter from 0% to -16%. But sales moved higher, from -8% to 182%. The next quarterly results are expected on or around Aug. 10.

Tilray stock holds the No. 13 rank among its peers in the Consumer Products-Specialty industry group. Central Garden & Pet (CENT), Central Garden & Pet (CENTA) and Vuzix (VUZI) are among the top 5 highly rated stocks within the group.

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