Cogent Communications saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 78 to 81.
This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they launch their biggest climbs.
Hone Your Stock-Picking Skills By Focusing On These Factors
Cogent Communications is now considered extended and out of buy range after clearing a 76.42 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Cogent Communications reported 0% earnings growth in its most recent report. Revenue gains came in at -7%.
The company holds the No. 1 rank among its peers in the Telecom Services-Cable/Satellite industry group. Comcast Cl A and Liberty Global Cl A are also among the group's highest-rated stocks.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
