On Tuesday, Oscar Health hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 85, up from 75 the day before.
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 last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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While now is not an ideal time to invest, see if the stock is able to form a chart pattern and break out.
The company reported 0% earnings growth in the latest quarterly report. Revenue increased 68%.
Oscar Health holds the No. 5 rank among its peers in the Insurance-Accident & Healthcare industry group. Trupanion is the top-ranked stock within the group.
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