Descartes Systems Group saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 80 to 83.
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
While the stock is not near a proper buying range right now, see if it manages to form and break out of a proper base.
Earnings growth rose in the company's latest report from 9% to 18%, but sales fell from 18% to 11%.
Descartes Systems Group holds the No. 4 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin is the No. 1-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
