On Friday, Charter Communications stock earned an upgrade to its Relative Strength (RS) Rating, from 68 to 76.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Charter Communications stock can continue to rebound and clear that threshold.
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Is Charter Communications Stock A Buy?
Charter Communications stock broke out of cup-with-handle base in early November, but has pulled back since then. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the telecom stock manages to offer and clear a proper buy point.
Earnings grew 7% last quarter, up from 5% in the prior report. Revenue also increased, from 0% to 2%. The company is expected to report its latest earnings and sales numbers on or around Jan. 31.
Charter Communications stock holds the No. 2 rank among its peers in the Telecom Servics-Integrated industry group. IDT Corp B is the top-ranked stock within the group.