On Monday, Sunrise Comms ADR hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 78 the day before.
IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks often have an 80 or better RS Rating as they launch their biggest climbs.
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Sunrise Comms ADR is forming a flat base with a 50.63 buy point. See if it can break out in trade at least 40% higher than normal.
The relative strength line has moved into new high ground, a promising sign of market leadership.
Sunrise Comms ADR posted 0% earnings growth in its most recent report, while sales growth came in at 0%.
The company earns the No. 6 rank among its peers in the Telecom Services-Cable/Satellite industry group. Liberty Global Cl A, Comcast Cl A and AST SpaceMobile are among the top 5 highly rated stocks 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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