FirstService saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 70 to 74.
Can You Really Time The Stock Market?
IBD's unique rating measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating of over 80 in the early stages of their moves. See if FirstService can continue to rebound and clear that threshold.
FirstService has climbed more than 5% past a 181.61 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth decreased in the most recent report from 37% to 26%. But sales moved higher, from 8% to 9%.
FirstService holds the No. 4 rank among its peers in the Real Estate-Development/Operations industry group. Newmark Group 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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