On Thursday, United Rentals got an upgrade to its Relative Strength (RS) Rating, from 88 to 91.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their largest price moves.
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United Rentals is now considered extended and out of buy range after clearing a 757.85 buy point in a second-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 1% EPS growth in the latest quarterly report, while sales growth came in at 6%.
The company holds the No. 2 rank among its peers in the Commercial Services-Leasing industry group. Willis Lease Finance is the top-ranked stock within the group.
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