Bentley Systems saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 77 to 85.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
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The stock is not near an ideal buy zone right now, mostly because it is far from the previous cup with handle pattern. See if it manages to form and break out from a new chart pattern with continued heavy volume.
The company reported -14% EPS growth in its most recent report. Revenue rose 7%.
Bentley Systems holds the No. 7 rank among its peers in the Computer Software-Design industry group. PDF Solutions and Autodesk are also among the group's highest-rated stocks.
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