On Monday, United Rentals stock hit an important performance benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 86, a rise from 80 the day before.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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Is United Rentals Stock A Buy?
United Rentals stock is building a consolidation with a 732.37 buy point. See if it can clear the breakout price in volume at least 40% above average.
The equipment rental company posted 15% earnings growth last quarter, while sales growth came in at 6%. The next quarterly results are expected on or around Jul. 24.
United Rentals stock holds the No. 3 rank among its peers in the Commercial Services-Leasing industry group. AerCap Holdings is the No. 1-ranked stock within the group.
