Ansys had its Relative Strength (RS) Rating upgraded from 70 to 76 Friday — a welcome improvement, but still below the 80 or better score you look for.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an 80 or better RS Rating as they launch their largest climbs. See if Ansys can continue to show renewed price strength and hit that benchmark.
Ansys has risen more than 5% past a 351.23 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth increased last quarter from 13% to 18%. But revenue gains fell from 10% to 8%. Look for the next report on or around Jul. 30.
Ansys holds the No. 4 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems 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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