On Thursday, Telephone & Data Sys hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 85 the day before.
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This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners typically have an 80 or better RS Rating as they launch their largest price moves.
Telephone & Data Sys is building a consolidation with a 41.21 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Telephone & Data Sys reported 0% earnings growth last quarter, while sales growth came in at -9%. The company is expected to report its latest numbers on or around Jul. 31.
The company earns the No. 5 rank among its peers in the Telecom Services-Wireless industry group. Iridium Communications 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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