Many IPO Leaders are building new bases, but their relative strength lines are struggling to get back to their old highs. Will it hold them back?
It’s all relative.
The RS line, the blue line displayed on the IBD daily and weekly charts, is used to compare the stock’s performance vs. the general market.
For many stocks, they are unable to recover from sell-offs and remain laggards of the general market. Institutional money has already begun to flee the stock and it is difficult to change its mind.