One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Oscar Health now clears that threshold, with a jump from 77 to 83 Monday.
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This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest price moves.
While Oscar Health is not near an ideal buy zone right now, see if it manages to form and break out from a proper chart pattern.
Earnings growth increased in the company's latest report from 0% to 48%, but sales fell from 67% to 42%.
Oscar Health earns the No. 2 rank among its peers in the Insurance-Accident & Healthcare industry group. Unum Group 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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