On Monday, TransUnion (TRU) stock experienced a positive improvement in its Relative Strength (RS) Rating, moving up from 80 to 84. This proprietary RS Rating created by Investors Business Daily (IBD) provides a measure of market leadership by comparing a stock’s price action over the last 52 weeks with that of other stocks in their database.
Currently, TransUnion stock is in the process of forming a consolidation pattern with a buy point of 81.65. Investors should pay attention to see if the stock can break out above this price level on high volume, at least 40% higher than average. In terms of financial performance, TransUnion has shown growth in earnings per share (EPS) over the last three reports, along with increasing revenue in the same period.
Among its peers in the Financial Services-Specialty industry group, TransUnion stock holds the No. 12 rank. Other highly rated stocks within this group include Tradeweb Markets (TW), Bain Cap Specialty (BCSF), and Envestnet (ENV). For investors looking for the best stocks to buy and watch, analyzing the RS Rating and other key fundamental indicators of a stock’s performance can provide valuable insights into its long-term potential for growth.
Over time, top-performing stocks usually have an RS Rating above 80 in the early stages of their upward moves.
Investors should monitor TransUnion’s progress closely as it continues to form its consolidation pattern and work towards breaking through its buy point at $81.65.
If you are interested in learning more about how RS Ratings work and how they can help you make informed investment decisions, be sure to check out IBD’s website or speak with your financial advisor today.