The Relative Strength (RS) Rating for Charter Communications entered a new percentile Friday, with an increase from 79 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the best stocks typically have an RS Rating of at least 80 as they begin their biggest runs.
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Charter Communications is still within a buy range after climbing above a 415.29 entry in a saucer without handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Charter Communications posted -9% earnings growth in its most recent report, while sales growth came in at 0%.
The company holds the No. 1 rank among its peers in the Telecom Servics-Integrated industry group.
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