On Thursday, Service Corporation International stock reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 84 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of above 80 in the early stages of their moves.
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Is Service Corp International Stock A Buy?
Service Corporation International stock broke out earlier, but has fallen back below the prior 71.81 entry from a cup without handle. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also understand that the most recent pattern is a later-stage base, and such bases are more prone to failure. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The funeral services firm showed 2% earnings growth in the latest quarterly report. Sales gains came in at 3%.
Service Corporation International stock holds the No. 1 rank among its peers in the Funeral Services & Related industry group. Hillenbrand and Carriage Services are also among the group's highest-rated stocks.
