One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Pediatrix Medical just hit that mark, with a jump from 78 to 84 Monday.
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IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating north of 80 as they launch their biggest price moves.
Pediatrix Medical is building a cup without handle with a 17.67 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Pediatrix Medical reported 56% EPS growth in the latest quarterly report, while sales growth came in at -7%.
Pediatrix Medical earns the No. 4 rank among its peers in the Medical-Outpatient/Home Care industry group. Encompass 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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