Uber Technologies saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 70 to 76.
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 measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Uber Technologies can continue to show renewed price strength and hit that benchmark.
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While now is not an ideal time to jump in, see if the stock manages to offer and clear an appropriate buy point. It has now cleared key moving averages with the RS Line trending up.
The company reported -327% earnings growth last quarter, while sales growth came in at 105%.
The company earns the No. 17 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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