In a welcome move, United Rentals saw its Relative Strength Rating rise from 65 to 72 on Wednesday.
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IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if United Rentals can continue to show renewed price strength and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buy zone in heavy volume.
United Rentals showed -3% EPS growth in the latest quarterly report. Revenue increased 7%.
The company earns the No. 3 rank among its peers in the Commercial Services-Leasing industry group. McGrath RentCorp 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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