S&P Global had its Relative Strength (RS) Rating upgraded from 74 to 81 Wednesday.
IBD's proprietary RS 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 best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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S&P Global broke out earlier, but has fallen back below the prior 533.29 entry from a flat base. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also understand that the most recent pattern is a later-stage base, and such bases are more prone to failure.
The company posted 20% EPS growth in the latest quarterly report. Sales increased 14%.
The company earns the No. 2 rank among its peers in the Commercial Services-Market Research industry group. Moody's is the top-ranked stock within the group.
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