The Relative Strength (RS) Rating for Concentrix stock climbed into a higher percentile Wednesday, as it got a lift from 62 to 72.
Can You Really Time The Stock Market?
IBD's proprietary rating measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating north of 80 as they launch their biggest climbs. See if Concentrix stock can continue to rebound and clear that threshold.
Is Concentrix Stock A Buy?
Concentrix stock broke out earlier, but has fallen back below the prior 57.33 entry from a cup with handle. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also understand that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
While revenue growth fell last quarter from 10% to -1%, EPS grew 9%, up from -3% in the previous report. The company is expected to report its latest performance numbers on or around Jun. 25.
Concentrix stock earns the No. 30 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and ServiceNow are among the top 5 highly rated stocks within the group.
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