Uber Technologies saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 66 to 74.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an 80 or better RS Rating as they begin their biggest climbs. See if Uber Technologies can continue to rebound and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out. It is currently below the 200 day moving average but is also trading less than average volume. Look for the volume to pick up if the stock price rises.
Earnings News
The company posted -327% EPS growth last quarter. Revenue increased 105%.
The company earns the No. 16 rank among its peers in the Leisure-Services industry group. Endeavor Group and Marriott Vacations World are also among the group's highest-rated stocks.
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