In a welcome move, Hertz Global Holdings stock saw its Relative Strength Rating improve from 69 to 75 on Wednesday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves. See if Hertz Global Holdings stock can continue to show renewed price strength and clear that threshold.
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Is Hertz Global Holdings Stock A Buy?
Hertz Global Holdings stock is trading within a buy range after clearing an 18.26 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
While earnings growth fell in the company's most recently reported quarter from -45% to -55%, sales rose 13%, up from 4% in the prior report. Look for the next report on or around Jul. 27.
Hertz Global Holdings stock earns the No. 22 rank among its peers in the Leisure-Services industry group. Life Time Group Holdings and Hilton Grand Vacations are also among the group's highest-rated stocks.
