When building your watch list, focus on stocks with an 80 or higher RS Rating. TAL Education Group stock is one stock that just reached the mark, now earning a score of 85.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they begin their biggest climbs.
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Is TAL Education Group Stock A Buy?
TAL Education Group stock has climbed more than 5% past a 12.98 entry in a first-stage cup with handle, meaning it's extended and now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth fell in the company's latest report from 20% to 0%, but revenue rose from 50% to 62%.
Tal Education Group stock holds the No. 4 rank among its peers in the Consumer Services-Education industry group. Adtalem Global Education is the No. 1-ranked stock within the group.
