When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Aramark just cleared that benchmark with an upgrade from 78 to 82.
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or better RS Rating as they begin their biggest climbs.
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Aramark has risen more than 5% past a 33.04 entry in a second-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Aramark posted 35% EPS growth in the latest quarterly report, while sales growth came in at 5%.
Aramark holds the No. 7 rank among its peers in the Commercial Services-Outsourcing industry group. ExlService Holdings, HealthEquity and Red Violet are among the top 5 highly rated stocks within the group.
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