On Thursday, Warner Bros. Discovery A hit a key technical benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 84, a rise from 74 the day before.
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This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks tend to have an 80 or higher RS Rating as they launch their biggest runs.
Warner Bros. Discovery A is working on a double bottom with an 11.90 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company posted 0% EPS growth last quarter. Sales rose -10%.
Warner Bros. Discovery A earns the No. 7 rank among its peers in the Media-Radio/TV industry group. TEGNA, Nexstar Media Cl A and Warner Bros. Discovery A 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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