Newmark Group had its Relative Strength (RS) Rating upgraded from 67 to 76 Tuesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's proprietary rating measures share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Newmark Group can continue to show renewed price strength and clear that threshold.
Can You Really Time The Stock Market?
Newmark Group is building a consolidation with a 16.10 entry. See if the stock can break out in volume at least 40% above average.
Earnings growth decreased last quarter from 22% to 20%. But revenue moved higher, from 11% to 19%.
The company holds the No. 5 rank among its peers in the Real Estate-Development/Operations industry group. CBRE Group is the top-ranked stock 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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