In a welcome move, Cognizant Tech Solutions saw its Relative Strength Rating improve from 68 to 77 on Tuesday.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to the rest of the market.
History reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Cognizant Tech Solutions can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
While Cognizant Tech Solutions is not near a proper buying range right now, see if it goes on to form and break out from a proper consolidation.
While earnings-per-share growth declined in the prior quarter from 8% to 3%, revenue grew 7%, up from 3% in the previous report. The company is expected to report its latest performance numbers on or around Apr. 30.
Cognizant Tech Solutions earns the No. 13 rank among its peers in the Computer-Technical Services industry group. IBEX, Gorilla Technology Group and Innodata are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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