The Relative Strength (RS) Rating for Uber Technologies climbed into a higher percentile Thursday, as it got a lift from 69 to 72.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating as they begin their largest price moves. See if Uber Technologies can continue to show renewed price strength and clear that threshold.
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Uber Technologies is building a consolidation with a 34.43 entry. As of this writing, the stock is down for the day, seeking support at the 10-day moving average. See if the stock can turn around clear the breakout price in heavy trade. Keep in mind that earnings are due to be released early next month - see below.
Uber's Earnings Update
The company posted 0% earnings growth last quarter, while sales growth came in at 72%. The company is expected to report its latest earnings and sales numbers on or around Feb. 8.
Uber Technologies earns the No. 20 rank among its peers in the Leisure-Services industry group. Marriott Vacations and Hilton Grand Vacations are also among the group's highest-rated stocks.
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