Moody's had its Relative Strength (RS) Rating upgraded from 68 to 72 Wednesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
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 matched up against all other stocks.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their biggest price moves. See if Moody's can continue to show renewed price strength and clear that threshold.
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Moody's is trying to complete a double bottom with a 494.20 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth fell last quarter from 43% to 32%, but the top line rose from 22% to 23%.
The company holds the No. 1 rank among its peers in the Commercial Services-Market Research industry group. Moody's and Morningstar are also among the group's highest-rated stocks.
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