On Tuesday, Charter Communications hit an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 77 the day before.
IBD's unique rating tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest climbs.
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Charter Communications is building a consolidation with a 415.27 entry. See if the stock can break out in heavy trading.
Charter Communications posted 43% EPS growth last quarter, while sales growth came in at 2%.
Charter Communications earns the No. 2 rank among its peers in the Telecom Servics-Integrated industry group. IDT Corp B is the top-ranked stock within the group.
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