AT&T (t) saw a positive improvement for Relative Strength Rating (RS) on Tuesday, with an increase from 66 to 78.
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When searching best stocks to buy and watchOne factor to watch closely is relative price strength.
IBD’s proprietary ratings measure price performance with scores ranging from 1 (worst) to 99 (best). The score shows how a stock’s price has moved over the past 52 weeks relative to all other stocks in our database.
History shows that the best performing stocks tend to have RS Ratings of 80 or higher when they launch the biggest rallies. Let’s see if AT&T can continue to show new price strength and hit that benchmark.
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AT&T is nowhere near a potential buy zone right now. In fact, it went back to the sale from the previous cup-with-handle model. See if the stock continues to build a new pattern that could trigger a stronger rally.
Earnings View
In terms of the top and bottom numbers, the company posted two quarters of earnings acceleration. Top revenue growth hasn’t followed the same trajectory, hitting 0% last quarter.
AT&T holds the 2nd position among its peers in the Telecommunications Service Integration industry group. charter communication (CHAPTER) are also among the highest valued stocks.
Stocks to buy and watch: Top IPOs, large and small caps, growth stocks
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