Globalstar had its Relative Strength (RS) Rating upgraded from 70 to 83 Tuesday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Globalstar has risen more than 5% past a 1.51 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Globalstar reported 0% EPS growth last quarter, while sales growth came in at 17%.
The company earns the No. 7 rank among its peers in the Telecom Services-Wireless industry group. T-Mobile US, Telephone & Data Sys and Anterix 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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