Premier Inc. saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 67 to 74.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Premier Inc. can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Premier Inc. is building a flat base with a 23.56 entry. See if it can clear the breakout price in heavy trading.
The company posted negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Feb. 11.
Premier Inc. earns the No. 4 rank among its peers in the Commercial Services-Healthcare industry group. Corvel is the No. 1-ranked stock within the group.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
