EchoStar had its Relative Strength (RS) Rating upgraded from 89 to 92 Tuesday.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of over 80 at the beginning of a new climb.
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EchoStar is trying to complete a consolidation with a 30.08 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
The company reported 0% EPS growth last quarter, while sales growth came in at -5%. The company is expected to report its latest numbers on or around Feb. 20.
EchoStar holds the No. 9 rank among its peers in the Telecom-Cable/Satellite Equipment industry group. Frequency Electronics, Harmonic and Telesat Cl A are among the top 5 highly rated stocks within the group.
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