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Shockwave Medical Stock Improved Relative Price Capacity

Shockwave Medical (SWAV) upgraded its Relative Strength (RS) rating from 63 to 72 on Thursday – a welcome improvement, but below the 80 or better score you see.


When you are trying to find the best stocks to buy and view, be sure to pay attention to the relative price potential.

This unique rating tracks technical performance by using a score of 1 (worst) to 99 (excellent), which indicates how the stock’s price action is accumulated 52 weeks ago against all other stocks in our database.

The 100-year market history reveals that good stocks have an RS rating of 80 when they start their big runs. See if Shockwave Medical can continue to rebound and clear that limit.

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Although Shockwave Medical stock is nowhere near the right purchase range, it is trying to re-capture the pivot point from the previous cup with a handle pattern, according to the Marketsmith chart.

Earnings growth increased from 0% to 157% in the last quarter. But revenue gains fell from 271% to 194%.

Shockwave Medical is No. 1 among its peers in the medical-systems / equipment industry group. Earn 5 rank. Steris (STE) and Natus Medical (NTUS) are also among the group’s highest-rated stocks.

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