HCA Healthcare had its Relative Strength (RS) Rating upgraded from 78 to 81 Thursday.
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IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.
HCA Healthcare has moved more than 5% past a 391.00 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
HCA Healthcare showed 24% EPS growth in the latest quarterly report. Revenue rose 6%.
HCA Healthcare holds the No. 3 rank among its peers in the Medical-Hospitals industry group. Tenet Healthcare 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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