The Relative Strength (RS) Rating for Cogent Communications moved into a higher percentile Monday, as it got a lift from 69 to 76.
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Cogent Communications can continue to rebound and hit that benchmark.
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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 posted 0% EPS growth in the latest quarterly report, while sales growth came in at -7%.
The company earns the No. 2 rank among its peers in the Telecom Services-Cable/Satellite industry group. Comcast Cl A is the No. 1-ranked stock within the group.
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