On Friday, Ouster Cl A hit an important technical milestone, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 85, an increase from 72 the day before.
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This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.
While Ouster Cl A is not near an ideal buy zone right now, see if it manages to form and break out of a proper consolidation.
The company reported 0% EPS growth in the latest quarterly report. Revenue gains came in at 26%.
Ouster Cl A earns the No. 15 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR, Strattec Security and Aeva Technologies are among the top 5 highly rated stocks 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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