On Monday, EchoStar hit an important technical milestone, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an improvement to 87, an increase from 79 the day before.
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This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an RS Rating of above 80 as they begin their biggest runs.
EchoStar is not currently near a potential buying area. See if the stock goes on to build a base that could ignite a new run.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 0%, compared to -11% in the prior report. Revenue increased from -5% to 398%.
EchoStar earns 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.
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