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SK Telecom Earns RS Rating Upgrade

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In a welcome move, SK Telecom ( SKM ) saw its Relative Strength Rating improve from 69 to 76 on Monday.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest price moves. See if SK Telecom can continue to rebound and clear that threshold.

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SK Telecom broke out earlier, but has fallen back below the prior 28.23 entry from a cup without handle . If a stock you're tracking breaks past a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also understand that the latest pattern is a later-stage base, and such bases are more prone to failure.

Earnings growth picked up last quarter from 124% to 137%. But revenue gains fell from 3% to 1%. Look for the next report on or around Feb. 3.

SK Telecom earns the No. 3 rank among its peers in the Telecom Services-Foreign industry group. Telecom Argent ( TEO ) 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.

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