PROG Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 69 to 73.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks often have an 80 or better RS Rating in the early stages of their moves. See if PROG Holdings can continue to rebound and hit that benchmark.
Can You Really Time The Stock Market?
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.
While earnings-per-share growth fell last quarter from 0% to -14%, the top line rose 4%, up from 0% in the prior report.
PROG Holdings holds the No. 8 rank among its peers in the Commercial Services-Leasing industry group. Willis Lease Finance, GATX and Herc Holdings are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
