Concentrix saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 64 to 73.
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This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates 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 reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if Concentrix can continue to rebound and hit that benchmark.
While the stock is not near a proper buy point right now, see if it goes on to form and break out of a proper chart pattern.
Earnings growth moved up last quarter from -3% to 9%, but the top line fell from 10% to -1%. The next quarterly results are expected on or around Jun. 26.
The company earns the No. 28 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and Shopify 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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