One important metric to look for in a stock is an 80 or higher Relative Strength Rating. NCR Voyix just hit that mark, with a jump from 79 to 83 Friday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History reveals that the top-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
While NCR Voyix is not near an ideal buy point right now, see if it goes on to form and break out from a proper base.
The company posted 0% earnings growth in its most recent report. Sales increased -13%. The company is expected to report its latest results on or around Aug. 5.
NCR Voyix earns the No. 3 rank among its peers in the Computer-Integrated Systems industry group. Agilysys is the No. 1-ranked stock 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
