On Wednesday, Altair Engineering Cl A got an upgrade to its Relative Strength (RS) Rating, from 88 to 92.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks often have an RS Rating of at least 80 in the early stages of their moves.
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Altair Engineering Cl A has climbed more than 5% past a 101.39 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth decreased last quarter from 11% to 7%. But revenue gains moved higher, from 4% to 5%. Look for the next report on or around Oct. 30.
Altair Engineering Cl A holds the No. 2 rank among its peers in the Computer Software-Design industry group. Autodesk is the No. 1-ranked stock within the group.
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