CSG Systems International saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 90 to 93.
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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CSG Systems International has moved more than 5% past a 57.16 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 12% to 79%. Revenue rose from 3% to 7%.
CSG Systems International holds the No. 4 rank among its peers in the Commercial Services-Outsourcing industry group. HealthEquity is the No. 1-ranked stock within the group.
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