Ansys saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 64 to 71.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if Ansys can continue to show renewed price strength and clear that threshold.
While the stock is not near an ideal entry right now, see if it goes on to form and break out of a proper consolidation.
While sales growth fell last quarter from 10% to 8%, EPS grew 18%, up from 13% in the previous report.
Ansys holds the No. 3 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems 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.
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