On Friday, Ensign Group got an upgrade to its Relative Strength (RS) Rating, from 70 to 77.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an 80 or higher RS Rating as they begin their largest runs. See if Ensign Group can continue to show renewed price strength and clear that threshold.
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Ensign Group broke out earlier, but is now trading around 3% below the prior 154.93 entry from a flat base. If a stock you're tracking climbs above a buy point then falls 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 base and breakout. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
Top and bottom line growth moved higher last quarter. Earnings were up 16%, compared to 14% in the prior report. Revenue increased from 12% to 15%.
Ensign Group holds the No. 2 rank among its peers in the Medical-Long-Term Care industry group. Pennant Group is the No. 1-ranked stock within the group.
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