The Relative Strength (RS) Rating for CoStar Group entered a new percentile Friday, as it got a lift from 68 to 73.
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IBD's unique rating identifies market leadership 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 shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves. See if CoStar Group can continue to show renewed price strength and hit that benchmark.
CoStar Group is still within a buy range after breaking past an 83.48 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
Earnings grew 0% last quarter, up from -55% in the prior report. Revenue also increased, from 11% to 12%. The next quarterly results are expected on or around Jul. 22.
The company earns the No. 10 rank among its peers in the Commercial Services-Market Research industry group. Smart Digital Group, Moody's and Thomson Reuters 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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