Sometimes Great Fundamentals Are Not Enough
CLS is a perfect example.
The numbers are excellent.
Triple-digit EPS growth.
Strong sales growth.
High ROE.
Big estimates.
But since last November, the price action has been wide, choppy, and inconsistent.
Even after the strong move off the April lows, CLS has not been one of the best relative strength leaders compared to other names in the market.
This is why fundamentals matter, but price action and relative strength still decide where capital should go.
The best stocks usually have both:
Great numbers
Clean price action
Strong relative strength
But…. I do like how it found support on the 50MA and has a higher high, higher low pattern.
