The Relative Strength (RS) Rating for Newmark Group jumped into a higher percentile Monday, as it got a lift from 61 to 71.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Newmark Group can continue to rebound and hit that benchmark.
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Newmark Group is now considered extended and out of buy range after clearing an 11.51 buy point in a first-stage consolidation. 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 line.
The company reported 22% earnings growth last quarter, while sales growth came in at 11%.
Newmark Group earns the No. 9 rank among its peers in the Real Estate-Development/Operations industry group. Amrep Corp, CBRE Group and Jones Lang LaSalle are among the top 5 highly rated stocks within the group.
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