One of the more surprising names hitting all-time highs on Thursday when most stocks were retreating was SeaWorld Entertainment (NYSE: SEAS). The operator of namesake theme parks as well as Busch Gardens, Sesame Place, and a handful of water parks moved higher after serving up better-than-expected financial results. Topping expectations is always a good look, but is SeaWorld really more valuable now than it's been at any point in time since going public nearly eight years ago?
SeaWorld reported earnings, and despite the fact that they weren't great, investors jumped into the stock anyway. Here's why.
SeaWorld Entertainment now clears that threshold, with a jump from 80 to 83 Monday. When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength. SeaWorld Entertainment is now considered extended and out of buy range after clearing a 33.42 buy point in a first-stage cup with handle.