The Relative Strength (RS) Rating for Icahn Enterprises entered a higher percentile Wednesday, as it got a lift from 68 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves. See if Icahn Enterprises can continue to rebound and hit that benchmark.
Looking For The Best Stocks To Buy And Watch? Start Here
Icahn Enterprises is not currently in a buy zone. It currently is below key moving averages, while hovering near the 10-day. See if the stock start a move upwards, form a pattern which it can then break out from in volume at least 40% higher than normal.
Earnings Report
The company posted 0% EPS growth in its most recent report, although sales gains came in at 29%. Its next earnings report is not until late February, 2023.
Icahn Enterprises earns the No. 14 rank among its peers in the Diversified Operations industry group. Roper Technologies and Chemed are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
