On Thursday, Kyndryl Holdings reached a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 90, up from 80 the day before.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of over 80 at the beginning of a new price run.
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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 trade.
Kyndryl Holdings showed 0% EPS growth in the latest quarterly report. Sales increased -5%.
The company holds the No. 33 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Paycom Software and Paycor HCM 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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