Relative price strength

Relative price strength

The relative price strength is an index designed to measure the price of stock over the past 12 months in comparison to the rest of the market based on the S&P 500 or the TSE 300 over a set period of time. [cite web|url=http://www.formeraboutguides.com/investingcanada/library/weekly/2000a/aa042700.htm|title=L is for Leaders] For example, a stock with an RS of 90 has outperformed 90% of publicly traded companies the past year. [cite web|url=http://www.womenswallstreet.com/topics/topic.aspx?aid=764|title=Use Relative Strength Rating To Track Outperformers|author=Craig Shaw|source=Women's Wall Street|date=May 11, 2004] Ratings run from 1-99, with 99 being considered the best for inclusion in the CAN SLIM schema. [cite web|url=http://biz.yahoo.com/special/ibd052107.html|title=10 Top-Rated Large-Cap Stocks|author=Yahoo Finance|date=May 16, 2007]

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