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Frontier Communications Parent Stock Sees Rising Relative Price Strength

On Thursday, Frontier Communications Parent (FYBR) stock reached an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 76 the day before. The telecom stock debut on May 5.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the trailing 52 weeks matches up against that of all other stocks.

Decades of market research reveals that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.


Looking For The Best Stocks To Buy And Watch? Start Here


Is Frontier Communications Parent Stock A Buy?

Frontier Communications Parent stock is still in a buying range after climbing above a 32.00 entry in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it’s best to wait for it to set up another buying opportunity. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

The telecom and fiber optics provider posted negative growth for both sales and earnings last quarter.

Frontier Communications Parent stock earns the No. 4 rank among its peers in the Telecom Services-Integrated industry group. Charter Communications (CHTR) and Frontier Communications Parent (FYBR) are also among the group’s highest-rated stocks. For more industry news, check out “Telecom Stocks To Watch And Industry News.”

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