Service Corp Intl saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 64 to 81.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the best stocks often have an RS Rating north of 80 as they begin their biggest runs.
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Service Corp Intl is trading within a buying range after breaking past an 81.32 entry in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
Earnings growth rose last quarter from -5% to 1%. But sales fell from 2% to 1%.
The company holds the No. 2 rank among its peers in the Funeral Services & Related industry group. Carriage Services is the top-ranked stock within the group.
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