Cyngn had its Relative Strength (RS) Rating upgraded from 80 to 87 Tuesday.
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This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves.
While the stock is not near an ideal buy point right now, see if it is able to form and break out of a proper consolidation.
The company showed 0% EPS growth in its most recent report. Sales increased 400%. Look for the next report on or around Aug. 6.
Cyngn earns the No. 8 rank among its peers in the Computer-Integrated Systems industry group. Agilysys, Par Technology and NCR Voyix 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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