On Friday, Comcast stock hit an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 84, up from 78 the day before.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest runs.
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Is Comcast Stock A Buy?
Comcast stock is now considered extended and out of buy range after clearing a 42.00 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The telecom company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 7% to 12%. Revenue rose from -4% to 2%.
Comcast stock holds the No. 1 rank among its peers in the Telecom Services-Cable/Satellite industry group.
