On Tuesday, Service Corp Intl earned an upgrade to its Relative Strength (RS) Rating, from 65 to 82.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
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Service Corp Intl is working on a cup without handle with an 89.37 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 14%, compared to 1% in the prior report. Revenue increased from 1% to 4%.
The company holds the No. 2 rank among its peers in the Funeral Services & Related industry group. Carriage Services is the No. 1-ranked stock within the group.
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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