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Relative Strength
Relative strength rates the performance of every stock listed on the three major U.S. exchanges (the New York Stock Exchange, the American Stock Exchange, and the Nasdaq). The rating system gives a numerical grade to the performance of a stock over the past 12 months, assigning a grade of 1 to 99. Thus, relative strength is a momentum indicator. A relative strength of 95, for example, indicates a wonderful stock that has outperformed 95% of all other stocks over the past year.
It is calculated by dividing the price performance of a stock by the price performance of an appropriate index for the same time period.
| Related Terms: Technical Indicator Dynamic Momentum Index |