Quantcast

HealthSouth Sees Relative Strength Rating Rise To 73


Shutterstock photo

On Wednesday, HealthSouth ( HLS ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 70 to 73.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.

Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if HealthSouth can continue to rebound and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

HealthSouth broke out earlier, but has fallen back below the prior 49.81 entry from a saucer without handle . In the scenario 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 base to take shape. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.

While earnings growth fell in the company's most recently reported quarter from 3% to 2%, the top line grew 8%, up from 7% in the previous report.

The company earns the No. 4 rank among its peers in the Medical-Outpatient/Home Care industry group. LHC Group ( LHCG ) is the No. 1-ranked stock within the group.

RELATED:

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: HLS , RS , LHCG


More from Investor's Business Daily

Subscribe






Investor's Business Daily
Contributor:

Investor's Business Daily

Investing








Research Brokers before you trade

Want to trade FX?





Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com