Liberty Global Cl A saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 89 to 92.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they begin their biggest price moves.
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Liberty Global Cl A has risen more than 5% past an 11.10 entry in a first-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 moving average.
Liberty Global Cl A posted 0% earnings growth last quarter, while sales growth came in at 4%.
Liberty Global Cl A holds the No. 4 rank among its peers in the Telecom Services-Cable/Satellite industry group. Cogent Communications is the No. 1-ranked stock within the group.
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