ScanSource had its Relative Strength (RS) Rating upgraded from 70 to 73 Friday — a welcome improvement, but still short of the 80 or higher score you look for.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 as they begin their biggest price moves. See if ScanSource can continue to show renewed price strength and clear that threshold.
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ScanSource is not currently showing a potential buy point. See if the stock goes on to build a chart pattern that could kick off a new price move.
Earnings grew 14% last quarter, up from 5% in the prior report. Revenue also increased, 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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