On Thursday, HCA Healthcare reached an important technical benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 82, an increase from 78 the day before.
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This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
HCA Healthcare is trying to complete a cup without handle with a 417.14 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
HCA Healthcare showed 20% earnings growth last quarter. Sales increased 6%.
The company earns the No. 5 rank among its peers in the Medical-Hospitals industry group. Nutex Health is the top-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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