On Monday, Descartes Systems Group received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 73.
This proprietary rating measures technical performance 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 reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Descartes Systems Group can continue to rebound and clear that threshold.
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Descartes Systems Group is working on a consolidation with a 124.31 buy point. See if the stock can break out in heavy volume.
Descartes Systems Group reported 16% earnings growth last quarter. Revenue rose 13%.
The company holds the No. 4 rank among its peers in the Computer Software-Special Enterprise industry group. Karooooo is the top-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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