On Wednesday, US Cellular reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 87 the day before.
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This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buy zone in heavy trade.
While revenue growth fell last quarter from -3% to -6%, the bottom line grew 5%, up from -69% in the previous report.
US Cellular earns the No. 3 rank among its peers in the Telecom Services-Wireless industry group. T-Mobile US is the top-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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