CoStar Group had its Relative Strength (RS) Rating upgraded from 79 to 84 Wednesday.
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IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the top-performing stocks often have an RS Rating of above 80 as they launch their biggest climbs.
CoStar Group is working on a consolidation with a 100.38 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company reported -55% earnings growth last quarter. Sales gains came in at 11%. The company is expected to report its latest numbers on or around Apr. 29.
The company holds the No. 7 rank among its peers in the Commercial Services-Market Research industry group. Thomson Reuters, Verisk Analytics 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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