The Relative Strength (RS) Rating for Ast Spacemobile jumped into a new percentile Thursday, with an increase from 80 to 88.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
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Ast Spacemobile is not currently near a potential buying area, with the prior cup with handle pattern having failed. See if the stock goes on to build another chart pattern that could ignite a new run.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 64%. Revenue rose from 17% to 130%.
Ast Spacemobile earns the No. 3 rank among its peers in the Telecom Services-Cable/Satellite industry group. Cogent Communications is also among the group's highest-rated stocks.
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