One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Ast Spacemobile just hit that mark, with a jump from 73 to 85 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.
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While the stock is not near a proper buying range right now, see if it goes on to form and break out from a proper chart pattern. Also be aware that earnings is right around the corner. Buyer beware.
Earnings growth rose last quarter from 0% to 163%, but sales fell from 593% to 17%.
Ast Spacemobile stock earns the No. 8 rank among its peers in the Telecom Services-Cable/Satellite industry group. Comcast and Wideopenwest are also among the group's highest-rated stocks.
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