UL Solutions had its Relative Strength (RS) Rating upgraded from 80 to 83 Monday.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating as they begin their biggest runs.
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UL Solutions broke out earlier, but is now around 5% below the prior 54.76 entry from a cup with handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.
Earnings grew 0% last quarter, up from -4% in the prior report. Revenue also increased, from 6% to 8%.
UL Solutions holds the No. 23 rank among its peers in the Computer-Technical Services industry group. Innodata, CACI International Cl A and GigaCloud Technology are among the top 5 highly rated stocks within the group.
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