On Monday, Leidos Holdings earned an upgrade to its Relative Strength (RS) Rating, from 62 to 74.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
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 Leidos Holdings can continue to show renewed price strength and hit that benchmark.
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While the stock is not near an ideal buying range right now, see if it goes on to form and break out from a proper chart pattern.
Leidos Holdings showed 44% EPS growth in its most recent report. Sales gains came in at 7%.
Leidos Holdings earns the No. 5 rank among its peers in the Commercial Services-Consulting industry group. Huron Consulting Group is the top-ranked stock within the group.
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