The Relative Strength (RS) Rating for ScanSource climbed into a higher percentile Tuesday, as it got a lift from 69 to 73.
IBD's unique rating tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an 80 or higher RS Rating as they launch their biggest price moves. See if ScanSource can continue to show renewed price strength and hit that benchmark.
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While the stock is not near an ideal buying range right now, see if it manages to form and break out from a proper base.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 5% to 14%. Revenue rose from -21% to -11%.
The company earns the No. 2 rank among its peers in the Wholesale-Electronics industry group. Climb Global Solutions is the No. 1-ranked stock within the group.
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