On Friday, Innodata reached an important technical milestone, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 86, a rise from 70 the day before.
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This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best-performing stocks often have an 80 or higher RS Rating as they launch their biggest climbs.
Innodata is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could spark a new run.
Innodata posted 0% earnings growth in its most recent report, while sales growth came in at 79%.
Innodata holds the No. 8 rank among its peers in the Computer-Technical Services industry group. TaskUs, RCM Technologies and IBEX 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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