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.
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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.
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