One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Concentrix cleared that benchmark Tuesday, with a jump from 78 to 81 Tuesday.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves.
Concentrix is building a consolidation with a 66.00 buy point. See if the stock can clear the breakout price in heavy volume.
Earnings growth increased in the company's most recent report from -3% to 9%, but the top line fell from 10% to -1%.
The company holds the No. 28 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Nexxen International and Cloudflare are among the top 5 highly rated stocks 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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