Banking

Uniti Shows Rising Price Performance With Jump To 81 RS Rating

Uniti (UNIT) had its Relative Strength (RS) Rating upgraded from 78 to 81 Wednesday.




X



As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks compares to all the other stocks in our database.

History shows that the market’s biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.


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


Uniti is still inside a buying range after climbing above a 13.55 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it’s considered out of buy range.

Earnings grew 2% last quarter, up from -7% in the prior report. Revenue also increased, from 1% to 3%.

Uniti earns the No. 83 rank among its peers in the Finance-Property REITs industry group. Extra Space Storage (EXR) and Innovative Industrial Properties (IIPR) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Identify Bases And Buy Points With Pattern Recognition From MarketSmith

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button