On Tuesday, Telephone & Data Sys reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.
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This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Telephone & Data Sys is trying to complete a double bottom with a 39.80 entry. See if it can clear the breakout price in heavy trading.
The company posted 0% earnings growth last quarter. Sales gains came in at -9%.
The company earns the No. 4 rank among its peers in the Telecom Services-Wireless industry group. T-Mobile US is the No. 1-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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