One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Vodafone Group stock now clears that threshold, with a jump from 80 to 89 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
Is Vodafone Group Stock A Buy?
Vodafone Group stock is still within a buying range after clearing a 10.39 buy point in a cup without handle. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
The United Kingdom-based telecom company reported -58% EPS growth in its most recent report, while sales growth came in at 33%.
Vodafone stock earns the No. 3 rank among its peers in the Telecom Services-Foreign industry group. Millicom Intl Cellular is the top-ranked stock within the group.
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