When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Aramark stock now meets that criteria, with an increase from 80 to 84 Thursday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves.
Is Aramark Stock A Buy?
Aramark stock is still within a buying range after clearing a 39.87 entry in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
The food-related management services company posted 17% earnings growth in its most recent report, while sales growth came in at 2%.
Aramark stock holds the No. 5 rank among its peers in the Commercial Services-Outsourcing industry group. Red Violet 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.
