On Monday, Uber Technologies got a positive adjustment to its Relative Strength (RS) Rating, from 76 to 87. It has also cleared the 200-day moving average on a MarketSmith chart.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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Uber Technologies is not currently showing a potential buy point. See if the stock goes on to form a chart pattern that could kick off a new climb.
The company reported -327% earnings growth last quarter. Revenue increased 105%.
The company earns the No. 16 rank among its peers in the Leisure-Services industry group. RCI Hospitality and Marriott Vacations World are also among the group's highest-rated stocks.
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