Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Cogent Communications Meets 80-Plus Relative Strength Rating Benchmark

The Relative Strength (RS) Rating for Cogent Communications climbed into a new percentile Tuesday, with a rise from 80 to 83.

This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.

History shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest price moves.

Risk Management In The Stock Market: How Much Money To Invest Now

Cogent Communications has moved more than 5% past a 76.42 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.

Cogent Communications posted 0% EPS growth last quarter, while sales growth came in at -7%.

The company holds the No. 2 rank among its peers in the Telecom Services-Cable/Satellite industry group. Cogent Communications is the No. 1-ranked stock within the group.

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!

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.