On Monday, US Cellular hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.
IBD's unique rating measures 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 stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of at least 80 at the beginning of a new climb.
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While US Cellular is not near a proper entry right now, see if it manages to form and break out from a proper consolidation.
The company showed 0% earnings growth in the latest quarterly report, while sales growth came in at -4%.
US Cellular earns the No. 3 rank among its peers in the Telecom Services-Wireless industry group. T-Mobile US is the top-ranked stock within the group.
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