Lumen Technologies saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 68 to 71.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History reveals that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves. See if Lumen Technologies can continue to show renewed price strength and hit that benchmark.
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While the stock is not near an ideal buy point right now, see if it is able to form and break out of a proper chart pattern. Currently, the stock is struggling to clear key moving averages.
While sales growth fell last quarter from -5% to -7%, EPS grew 43%, up from 21% in the previous report.
Lumen Technologies earns the No. 2 rank among its peers in the Telecom Servics-Integrated industry group. Verizon Communications is also among the group's highest-rated stocks.
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