One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Hertz Global Holdings stock cleared that benchmark Thursday, with a jump from 77 to 84 Thursday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest climbs.
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Is Hertz Global Holdings Stock A Buy?
Hertz Global Holdings stock is within a buy range after moving past an 18.26 buy point in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
Earnings growth decreased last quarter from -45% to -55%. But revenue moved higher, from 4% to 13%.
Hertz Global Holdings stock earns the No. 18 rank among its peers in the Leisure-Services industry group. Royal Caribbean Group and Carnival are also among the group's highest-rated stocks.
