On Monday, Newmark Group reached an important performance benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an improvement to 81, a rise from 78 the day before.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.
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Newmark Group is building a consolidation with a 16.10 entry. See if it can clear the breakout price in volume at least 40% above average.
Newmark Group posted 22% earnings growth last quarter, while sales growth came in at 11%. The next quarterly numbers are expected on or around Feb. 14.
The company holds the No. 5 rank among its peers in the Real Estate-Development/Operations industry group. CBRE Group is the No. 1-ranked stock within the group.
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