On Monday, EchoStar hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 88 the day before.
Looking For The Best Stocks To Buy And Watch? Start Here
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
EchoStar is not currently near a potential buying area. See if the stock goes on to build a chart pattern that could launch a new move.
Earnings grew 0% last quarter, up from -8% in the prior report. Revenue also increased, from -5% to -4%. Look for the next report on or around Jul. 30.
The company holds the No. 9 rank among its peers in the Telecom-Cable/Satellite Equipment industry group. Frequency Electronics, Belden and Preformed Line Products are among the top 5 highly rated stocks 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.
RELATED:
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
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!