Xerox Holdings stock had its Relative Strength (RS) Rating upgraded from 68 to 73 Wednesday -- a welcome improvement, but still shy of the 80 or higher score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Xerox Holdings stock can continue to rebound and clear that threshold.
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Is Xerox Holdings Stock A Buy?
Xerox Holdings broke out earlier, but is now trading approximately 5% below the prior 17.18 entry from a cup with handle. If a stock you're tracking breaks past a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also understand that the latest pattern is a later-stage base, and those involve more risk.
Earnings growth picked up last quarter from 0% to 238%. But revenue gains fell from 3% to 0%.
Xerox Holdings stock holds the No. 3 rank among its peers in the Computer-Hardware/Peripherals industry group. Logitech International and Xerox Holdings are also among the group's highest-rated stocks.
