Liberty Global Getting Closer To Key Technical Benchmark
The Relative Strength (RS) Rating for Liberty Global jumped into a higher percentile Wednesday, as it got a lift from 70 to 76.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their largest price moves. See if Liberty Global can continue to show renewed price strength and clear that threshold.
Liberty Global is still within a buy range after climbing above a 28.58 buy point in a double bottom. 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..
Earnings growth increased last quarter from 58% to 2,373%. But revenue gains fell from 26% to 14%.
Liberty Global earns the No. 7 rank among its peers in the Telecom Services-Cable/Satellite industry group. J2 Global and Calix are also among the group's highest-rated stocks.