One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Chemed now clears that threshold, with a jump from 74 to 81 Tuesday.
This unique 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.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.
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Chemed is building a consolidation with a 654.62 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings growth decreased last quarter from 6% to 3%. But revenue moved higher, from 7% to 9%.
Chemed earns the No. 6 rank among its peers in the Diversified Operations industry group. Roper Technologies, Berkshire Hathaway Cl B and Berkshire Hathaway Cl 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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