One important metric to look for in a stock is an 80 or higher Relative Strength Rating. CoStar Group just hit that mark, with a jump from 62 to 81 Tuesday.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating of over 80 as they begin their biggest climbs.
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While CoStar Group is not near a proper entry right now, see if it goes on to form and break out of a proper base.
CoStar Group showed -55% earnings growth in its most recent report. Sales rose 11%. Keep an eye out for the company's next round of numbers on or around Apr. 29.
The company holds the No. 7 rank among its peers in the Commercial Services-Market Research industry group. Verisk Analytics, Thomson Reuters and RELX ADR are among the top 5 highly rated stocks 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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