The Relative Strength (RS) Rating for Ansys entered a new percentile Tuesday, with an increase from 78 to 82.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the best-performing stocks typically have an RS Rating of over 80 as they launch their biggest price moves.
Ansys is now considered extended and out of buy range after clearing a 351.23 buy point in a first-stage consolidation. 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 line.
Earnings growth rose last quarter from 13% to 18%, but revenue fell from 10% to 8%. The next quarterly numbers are expected on or around Jul. 30.
The company holds the No. 3 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems is the No. 1-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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