Stock Upgrades: Varian Medical Systems Shows Rising Relative Strength

Stock Upgrades: Varian Medical Systems Shows Rising Relative Strength

On Tuesday, Varian Medical Systems hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 90, up from 79 the day before. Varian Medical Systems is now considered extended and out of buy range after clearing a 134.41 buy point in a first-stage cup with handle. Varian Medical Systems reported negative growth for both sales and earnings last quarter.