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BridgeBio Pharma Stock Sees Rising Relative Strength; Still Shy Of Key Threshold

In a welcome move, BridgeBio Pharma (BBIO) saw its Relative Strength Rating rise from 70 to 73 on Thursday.




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When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the market’s biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Bridgebio Pharma can continue to show renewed price strength and hit that benchmark.


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


BridgeBio Pharma stock is trying to complete a cup with handle with a 64.71 entry. See if it can break out in volume at least 40% above average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

In terms of top and bottom line numbers, the company has posted two quarters of accelerating earnings growth. Top line growth has been less impressive, coming in at -99% in the most recent quarterly report.

The biotech firm holds the No. 138 rank among its peers in the Medical-Biomed/Biotech industry group. Maravai Lifesciences (MRVI) and Vanda Pharmaceuticals (VNDA) are also among the group’s highest-rated stocks. For more industry news, check out “Biotech And Pharmaceutical Industry And Stock News.”

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