We track 10 stocks in the Telecom - Services industry (part of Telecommunication), each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 8 are still building a base; 1 broke out earlier and is still above the breakout level; and 1 broke out but fell back below the breakout level.
The middle stock in this industry has a relative strength reading of 47 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 10 ranked stocks sit above 47 and half below. 1 stock has a reading of 70 or higher.
5 of the 10 stocks we could measure (50%) closed above their 200-day average price — the average close over the last 200 trading sessions.