Cricut Shows Rising Relative Strength For An IPO In Today’s Market

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 Cricut (CRCT), which saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 88 to 94.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s unique RS Rating tracks technical performance by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.

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

The IBD 50 stock has moved more than 5% past a 21.02 entry in a first-stage ipo base, meaning it’s now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.

While earnings-per-share growth decreased in the company’s most recent performance report from 600% to 267%, revenue rose 125%, up from 114% in the previous report.

Cricut Chirps First-Quarter Beat As Home-Crafting Trend Surges

Cricut holds the No. 1 rank among its peers in the Computer-Hardware/Peripherals industry group. Logitech International (LOGI) and Corsair Gaming Inc (CRSR) are also among the group’s highest-rated stocks.


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