ICF International saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 80 to 83.
IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.
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ICF International is now considered extended and out of buy range after clearing a 153.79 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
ICF International showed 8% earnings growth in its most recent report. Revenue rose 2%. Look for the next report on or around Oct. 31.
The company holds the No. 9 rank among its peers in the Commercial Services-Consulting industry group. Booz Allen Hamilton Hldg, CRA International and Leidos Holdings are among the top 5 highly rated stocks within the group.
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