On Friday, Rollins Inc reached a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.
IBD's unique rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating north of 80 at the beginning of a new price run.
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The IBD 50 stock is now considered extended and out of buy range after clearing a 52.16 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 10%, compared to 4% in the prior report. Revenue increased from 9% to 10%. Look for the next report on or around Apr. 23.
Rollins Inc holds the No. 1 rank among its peers in the Building-Maintenance & Services industry group. Mistras Group and IES Holdings are also among the group's highest-rated stocks.
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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