On Monday, Aramark reached a noteworthy performance benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an improvement to 83, a rise from 80 the day before.
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IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating as they begin their biggest runs.
Aramark is still within a buying range after clearing a 39.87 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
The company posted 17% earnings growth in its most recent report. Revenue increased 2%.
Aramark holds the No. 4 rank among its peers in the Commercial Services-Outsourcing industry group. Red Violet is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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