On Thursday, Perdoceo Education stock earned a positive adjustment to its Relative Strength (RS) Rating, from 78 to 89.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
History reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest price moves.
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Is Perdoceo Education Stock A Buy?
Perdoceo Education stock is still within a buying range after moving past a 26.40 buy point in a cup without handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Earnings growth fell last quarter from -2% to -8%, but revenue rose from -11% to -6%.
Perdoceo Education stock holds the No. 9 rank among its peers in the Consumer Services-Education industry group. Stride, Adtalem Global Education and Universal Tech Institute are among the top 5 highly rated stocks within the group.
