On Friday, AT&T reached an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 81, a rise from 78 the day before.
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IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of above 80 in the early stages of their moves.
AT&T is not currently showing a potential buy point. See if the stock goes on to form a base that could launch a new move.
The company reported 6% EPS growth last quarter, while sales growth came in at 4%.
The company earns the No. 3 rank among its peers in the Telecom Servics-Integrated industry group. IDT B 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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