Poly Clears Technical Benchmark, Hitting 80-Plus RS Rating

Shares of Poly, created by the merger of Plantronics and Polycom, took a hit in mid-May on disappointing earnings results. But a key rating for its stock just jumped on growth prospects for the 60-year old headset giant. On Thursday the Relative Strength Rating for Poly (POLY) rose to 81, putting it into an elite group of stocks.


The 81 RS Rating means that Poly is outperforming 81% of all stocks, regardless of industry group. IBD market research shows that the market’s biggest winners often have an RS Rating north of 80 as they begin their biggest climbs.

Other Key Poly Ratings

Santa Cruz, Calif.-based audio and video electronics maker Poly has provided headsets to NASA, United Airlines, Microsoft Xbox  game machines, the Federal Aviation Agency and many others. On May 13, the company changed its stock ticker to POLY from PLT.

In addition to the rising RS Rating, its EPS Rating is a strong 84, of a best-possible 99. It sports a A SMR Rating (sales+profit margins+return on equity) on an A-E scale with A tops, according to MarketSmith chart analysis.

In terms of fundamentals the company reported $1.23 earnings per share on $476.2 million revenue in its most recent quarter. That equates to a 310% surged in earnings on an 18% rise in revenue. The prior quarter it recorded a 390% EPS pop on a 26% jump in revenue.

Other Top Stocks In Group

Poly holds the No. 5 rank among its peers in the Consumer Products-Electronics industry group. GoPro (GPRO) and Sonos (SONO) are also among the group’s highest-rated stocks.

Looking For The Best Stocks To Buy And Watch? Start Here

Poly is extended and out of buy range after clearing an 18.05 buy point in a first-stage cup without handle. 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.

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

This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the trailing 52 weeks matches up against the rest of the market.


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