Amdocs saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 64 to 73.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the best-performing stocks often have an 80 or better RS Rating in the early stages of their moves. See if Amdocs can continue to rebound and clear that threshold.
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Amdocs is working on a flat base with a 93.34 entry. See if the stock can clear the breakout price in heavy trade.
Amdocs posted 6% earnings growth in the latest quarterly report, while sales growth came in at -11%.
The company holds the No. 15 rank among its peers in the Computer-Technical Services industry group. Gorilla Technology Group, IBEX and Innodata are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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