In a welcome move, Fortrea Holdings saw its Relative Strength Rating rise from 64 to 71 on Wednesday.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique RS Rating tracks technical performance 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 stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves. See if Fortrea Holdings can continue to rebound and hit that benchmark.
While the stock is not near an ideal buy zone right now, see if it manages to form and break out from a proper consolidation.
The company reported 0% earnings growth in its most recent report. Revenue increased 7%.
The company earns the No. 5 rank among its peers in the Medical-Research Equipment/Services industry group. Medpace Holdings 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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