On Monday, McGrath RentCorp got an upgrade to its Relative Strength (RS) Rating, from 69 to 72.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they launch their largest runs. See if McGrath RentCorp 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 is able to establish and enter a buy zone in heavy volume.
McGrath RentCorp reported 22% EPS growth last quarter, while sales growth came in at 10%. Keep an eye out for the company's next round of numbers on or around Apr. 24.
McGrath RentCorp earns the No. 2 rank among its peers in the Commercial Services-Leasing industry group. GATX is the No. 1-ranked stock 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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