Stocks Showing Market Leadership: Chemed Earns 90 RS Rating – Investor’s Business Daily

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When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Chemed (CHE), which saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 63 to 90.
X When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating tracks market leadership by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an 80 or better RS Rating as they launch their biggest climbs.
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Chemed is building a cup without handle with a 574.66 buy point. See if the stock can clear the breakout price in heavy volume.
Earnings grew 25% last quarter, up from -3% in the prior report. Revenue also increased, from 4% to 7%.
The company earns the No. 2 rank among its peers in the Diversified Operations industry group. General Electric (GE) is the top-ranked stock within the group.
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3/13/2023 A Relative Strength Rating upgrade for Chemed shows improving technical performance.
3/13/2023 A Relative Strength Rating upgrade for Chemed shows improving technical…
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