On Thursday, CGI Cl A received an upgrade to its Relative Strength (RS) Rating, from 66 to 71.
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if CGI Cl A can continue to rebound and hit that benchmark.
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CGI Cl A is within a buy zone after moving past a 116.67 entry in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
Taking a look at revenue and profit performance, CGI Cl A has posted two quarters of increasing earnings growth. Sales growth has also moved higher during the same period.
The company earns the No. 16 rank among its peers in the Computer-Technical Services industry group. GitLab Cl A, LiveRamp Holdings and Dave are among the top 5 highly rated stocks within the group.
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