Innodata saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 87 to 91.
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IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against all other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buying range in heavy volume.
The company showed 0% earnings growth in the latest quarterly report. Revenue gains came in at 79%.
Innodata holds the No. 7 rank among its peers in the Computer-Technical Services industry group. IBEX, TaskUs and Dave 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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