On Thursday, UL Solutions cleared a noteworthy technical benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 83, an increase from 79 the day before.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest price moves.
UL Solutions is not currently showing a potential entry point. See if the stock goes on to form a chart pattern that could launch a new move.
Earnings growth dropped in the most recent report from 26% to 15%. But sales moved higher, from 5% to 6%.
The company earns the No. 6 rank among its peers in the Computer-Technical Services industry group. TaskUs, Dave and GigaCloud Technology are among the top 5 highly rated stocks 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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