SAPPHIRE breaking out of a large weekly base this week. In addition it also came in the screener for upwards sloping RS values. Following are the RS scores for the past 4 weeks close:
Although the RS score is not quite healthy, but in a market like this a large weekly base cannot be ignored as the stock is showing strength when most are not.
I'll personally track this and see if this gives an entry when market breadth and overall conditions improve.
- 1st Mar - 27
- 7th Mar - 28
- 15th Mar - 35
- 22nd Mar - 46
Although the RS score is not quite healthy, but in a market like this a large weekly base cannot be ignored as the stock is showing strength when most are not.
I'll personally track this and see if this gives an entry when market breadth and overall conditions improve.