The Relative Strength (RS) Rating for Unifirst jumped into a new percentile Monday, as it got a lift from 68 to 73.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 as they launch their largest climbs. See if Unifirst can continue to show renewed price strength and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a chart pattern and break out.
Earnings grew 63% last quarter, up from 57% in the prior report. Revenue also increased, from 5% to 12%.
The company holds the No. 8 rank among its peers in the Commercial Services-Outsourcing industry group. ExlService Holdings, HealthEquity and Red Violet are among the top 5 highly rated stocks within the group.
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