Amdocs had its Relative Strength (RS) Rating upgraded from 69 to 79 Thursday — a welcome improvement, but still short of the 80 or better score you look for.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their biggest climbs. See if Amdocs can continue to show renewed price strength and clear that threshold.
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Amdocs is trying to complete a consolidation with a 93.34 entry. See if the stock can break out in volume at least 40% higher than normal.
Amdocs posted 6% earnings growth last quarter, while sales growth came in at -11%. Look for the next report on or around May 7.
Amdocs holds the No. 10 rank among its peers in the Computer-Technical Services industry group. IBEX, Innodata and UL Solutions 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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