When putting together your watch list, look for stocks with an 80 or higher RS Rating. United Rentals is one stock that just reached the mark, now earning a score of 82.
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IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves.
United Rentals is trying to complete a cup without handle with an 896.98 entry. See if it can break out in heavy trading.
The company posted -3% earnings growth last quarter. Sales increased 7%. The next quarterly results are expected on or around Jul. 23.
The company earns the No. 1 rank among its peers in the Commercial Services-Leasing industry group. McGrath RentCorp and AerCap Holdings 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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