TAL Education Group ADR had its Relative Strength (RS) Rating upgraded from 69 to 83 Wednesday.
IBD's proprietary rating tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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TAL Education Group ADR is working on a cup without handle with a 13.30 entry. See if the stock can break out in heavy volume.
While earnings growth dropped in the company's most recently reported quarter from 20% to 0%, sales grew 62%, up from 50% in the prior report.
The company holds the No. 6 rank among its peers in the Consumer Services-Education industry group. Stride, Adtalem Global Education and Universal Tech Institute are among the top 5 highly rated stocks within the group.
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