In a welcome move, United Rentals saw its Relative Strength Rating improve from 65 to 78 on Wednesday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique RS Rating identifies 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.
History reveals that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves. See if United Rentals can continue to rebound and hit that benchmark.
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United Rentals is trying to complete a consolidation with a 415.09 entry. See if it can clear the breakout price in heavy volume, as it continues to move above the moving averages.
Top and bottom line growth moved higher last quarter. Earnings were up 47%, compared to 22% in the prior report. Revenue increased from 19% to 22%.
United Rentals stock holds the No. 3 rank among its peers in the Commercial Services-Leasing industry group. Textainer and Herc are also among the group's highest-rated stocks.
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