Stocks Showing Improving Market Leadership: Travere Earns 86 RS Rating

Travere (TVTX) had its Relative Strength (RS) Rating upgraded from 80 to 86 Wednesday.


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

IBD’s proprietary RS Rating tracks technical performance by showing how a stock’s price action over the last 52 weeks compares to that of other stocks on the major indexes.

History shows that the best stocks typically have an 80 or higher RS Rating as they begin their biggest price moves.

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Travere is working on a double bottom with a 29.14 buy point. See if it can break out in volume at least 40% above average.

Earnings growth rose in the company’s most recent report from 0% to 72%, but revenue fell from 33% to 12%.

The company holds the No. 60 rank among its peers in the Medical-Biomed/Biotech industry group. Vertex Pharmaceuticals (VRTX) and Amphastar Pharmaceutcls (AMPH) are also among the group’s highest-rated stocks.


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