On Friday, Warner Bros. Discovery A hit an important performance benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 81, a rise from 76 the day before.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History shows that the top-performing stocks typically have an 80 or better RS Rating as they begin their biggest runs.
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Warner Bros. Discovery A has moved more than 5% past an 8.94 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Warner Bros. Discovery A showed 0% earnings growth in the latest quarterly report, while sales growth came in at -4%.
Warner Bros. Discovery A holds the No. 4 rank among its peers in the Media-Radio/TV industry group. TEGNA is the top-ranked stock within the group.
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