Service Corp Intl had its Relative Strength (RS) Rating upgraded from 65 to 75 Monday — a welcome improvement, but still short of the 80 or higher score you look for.
This unique rating measures technical performance 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.
Decades of market research shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Service Corp Intl can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
Service Corp Intl is building a flat base with a 75.97 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company showed -4% earnings growth in its most recent report. Sales increased 2%.
Service Corp Intl holds the No. 1 rank among its peers in the Funeral Services & Related industry group. Service Corp Intl and Matthews Intl Cl A are also among the group's highest-rated stocks.
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!
