Huron Consulting Group had its Relative Strength (RS) Rating upgraded from 80 to 84 Wednesday.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the best-performing stocks typically have an RS Rating north of 80 as they launch their biggest runs.
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Huron Consulting Group broke out earlier, but has fallen back below the prior 131.06 entry from a flat base. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also understand that the most recent pattern is a later-stage base, and such bases are more prone to failure.
The company posted 21% earnings growth in the latest quarterly report, while sales growth came in at 3%. The company is expected to report its latest performance numbers on or around Mar. 4.
Huron Consulting Group holds the No. 1 rank among its peers in the Commercial Services-Consulting industry group. CRA International and CBIZ are also among the group's highest-rated stocks.
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