One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Oscar Health cleared that benchmark Friday, with a jump from 70 to 89 Friday.
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This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
History reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
Oscar Health is not currently offering a proper buying opportunity. See if the stock goes on to form a sound pattern that could ignite a new run.
While revenue growth fell last quarter from 67% to 42%, earnings-per-share grew 48%, up from 0% in the previous report.
Oscar Health holds the No. 1 rank among its peers in the Insurance-Accident & Healthcare industry group. Trupanion and Unum Group are also among the group's highest-rated stocks.
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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