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In a welcome move, Element Solutions (ESI) saw its Relative Strength Rating rise from 68 to 72 on Tuesday. IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database. History shows that the top-performing stocks often have an RS Rating of above 80 in the early stages of their moves. See if Element Solutions can continue to rebound and hit that benchmark. Element Solutions is working on a consolidation with a 29.78 entry. See if the stock can break out in volume at least 40% higher than normal. The company posted 5% EPS growth in the latest quarterly report, while sales growth came in at 2%. The company earns the No. 8 rank among its peers in the Chemicals-Specialty industry group. Solaris Energy Infr (SEI), Perimeter Solutions (PRM) and NewMarket (NEU) are among the top 5 highly rated stocks within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
