Innodata had its Relative Strength (RS) Rating upgraded from 70 to 79 Thursday — a welcome improvement, but still shy of the 80 or better score you look for.
Can You Really Time The Stock Market?
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the best-performing stocks often have an 80 or better RS Rating as they launch their biggest price moves. See if Innodata can continue to show renewed price strength and clear that threshold.
While the stock is not near a proper entry right now, see if it is able to form and break out from a proper consolidation.
Innodata reported 0% earnings growth in its most recent report, while sales growth came in at 79%.
Innodata holds the No. 11 rank among its peers in the Computer-Technical Services industry group. TaskUs, Dave and IBEX 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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