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Telefonica Brasil S.A. Shows Rising Relative Strength; Still Shy Of Key Threshold

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Telefonica Brasil S.A. ( VIV ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Friday, rising from 68 to 74.

[ibd-display-video id=3105496 width=50 float=left autostart=true] IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

History shows that the best-performing stocks typically have an 80 or higher RS Rating as they begin their largest price moves. See if Telefonica Brasil S.A. can continue to show renewed price strength and hit that benchmark.

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Telefonica Brasil S.A. broke out earlier, but has fallen back below the prior 16.95 entry from a saucer without handle . If a stock you're watching climbs above a buy point then retreats 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, which makes it riskier to establish a new position or add shares to an existing one.

Earnings grew 35% last quarter, up from 23% in the prior report. Revenue also increased, from -2% to 5%. The company is expected to report its latest performance numbers on or around Feb. 21.

Telefonica Brasil S.A. earns the No. 4 rank among its peers in the Telecom Services-Foreign industry group. Mobile Telesystems ( MBT ) is the top-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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