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SK Telecom Gets Relative Strength Rating Upgrade

In a welcome move, SK Telecom (SKM) saw its Relative Strength Rating improve from 68 to 71 on Monday.




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As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

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

Decades of market research reveals that the best stocks often have an RS Rating of over 80 as they begin their biggest runs. See if SK Telecom can continue to show renewed price strength and clear that threshold.


See How IBD Helps You Make More Money In Stocks


SK Telecom has risen more than 5% past a 27.40 entry in a first-stage cup without handle, meaning it’s now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 1,400%, compared to 46% in the prior report. Revenue increased from 7% to 17%. The company is expected to report its latest results on or around May 7.

The company holds the No. 1 rank among its peers in the Telecom Services-Foreign industry group.

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