United Rentals had its Relative Strength (RS) Rating upgraded from 70 to 73 Tuesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History shows that the top-performing stocks tend to have an RS Rating of at least 80 as they launch their largest runs. See if United Rentals can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
United Rentals is working on a consolidation with an 896.98 buy point. See if the stock can clear the breakout price in heavy trade.
The company reported 1% EPS growth last quarter. Revenue gains came in at 6%. Keep an eye out for the company's next round of numbers on or around Jan. 29.
United Rentals earns the No. 5 rank among its peers in the Commercial Services-Leasing industry group. Willis Lease Finance is the No. 1-ranked stock within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
