On Friday, AT&T earned a positive adjustment to its Relative Strength (RS) Rating, from 79 to 83.
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IBD's unique rating measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an 80 or higher RS Rating as they begin their biggest price moves.
AT&T is working on a with a 29.19 buy point. See if the stock can break out in volume at least 40% higher than normal. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.
The company showed 6% EPS growth in its most recent report, while sales growth came in at 4%.
AT&T earns the No. 2 rank among its peers in the Telecom Servics-Integrated industry group. IDT B 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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