When putting together your watch list, look for stocks with an 80 or higher RS Rating. PROG Holdings is one stock that just reached the mark, now earning a score of 83.
This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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While PROG Holdings is not near an ideal entry right now, see if it goes on to form and break out from a proper base.
While EPS growth declined in the company's most recently reported quarter from 0% to -14%, the top line rose 4%, up from 0% in the previous report.
The company holds the No. 8 rank among its peers in the Commercial Services-Leasing industry group. Willis Lease Finance, GATX and McGrath RentCorp are among the top 5 highly rated stocks within the group.
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