EchoStar had its Relative Strength (RS) Rating upgraded from 64 to 72 Thursday — a welcome improvement, but still below the 80 or better score you look for.
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IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
History reveals that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. See if EchoStar can continue to show renewed price strength and clear that threshold.
While EchoStar is not near an ideal buying range right now, see if it manages to form and break out from a proper base.
The company posted negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around May 7.
The company holds the No. 10 rank among its peers in the Telecom-Cable/Satellite Equipment industry group. Frequency Electronics, Preformed Line Products and Belden 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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