The Relative Strength (RS) Rating for ScanSource climbed into a new percentile Thursday, with a rise from 62 to 80.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of at least 80 as they begin their biggest price moves.
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ScanSource is building a consolidation with a 53.28 buy point. See if it can break out in heavy volume.
Earnings growth rose in the company's most recent report from -28% to 5%, but the top line fell from -15% to -21%. The company is expected to report its latest numbers on or around Nov. 7.
The company earns the No. 4 rank among its peers in the Wholesale-Electronics industry group. Climb Global Solutions is the No. 1-ranked stock within the group.
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