In a welcome move, FirstService saw its Relative Strength Rating improve from 68 to 71 on Tuesday.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if FirstService can continue to show renewed price strength and hit that benchmark.
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FirstService is now considered extended and out of buy range after clearing a 171.94 buy point in a first-stage cup without 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 moving average.
In terms of fundamentals, the company has posted rising EPS growth in each of the last three reports. Revenue gains have also moved higher during the same period.
FirstService holds the No. 4 rank among its peers in the Real Estate-Development/Operations industry group. Amrep Corp is the top-ranked stock within the group.
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