Amentum Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 65 to 71.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Decades of market research shows that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves. See if Amentum Holdings can continue to rebound and hit that benchmark.
While Amentum Holdings is not near an ideal entry right now, see if it goes on to form and break out from a proper chart pattern.
The company showed 0% EPS growth in its most recent report, while sales growth came in at 66%.
The company holds the No. 5 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin is the top-ranked stock 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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