On Tuesday, Premier Inc. hit a noteworthy performance benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an improvement to 83, an increase from 80 the day before.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
Premier Inc. is now considered extended and out of buy range after clearing a 23.56 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Premier Inc. reported negative growth for both the top and bottom lines last quarter.
The company holds the No. 2 rank among its peers in the Commercial Services-Healthcare industry group. Healthcare Services 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
