Credit: Shutterstock photoOn Tuesday, Express Scripts ( ESRX ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 76 to 81.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique rating measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
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While the stock is not near an ideal buy point right now, see if it is able to form and break out of a proper consolidation.
The company posted 9% earnings growth last quarter, while sales growth came in at -3%.
The company holds the No. 3 rank among its peers in the Medical-Services industry group. Diplomat Pharmacy ( DPLO ) is the No. 1-ranked stock within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
