On Thursday, Agilysys cleared a key technical benchmark, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 82, a rise from 78 the day before.
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This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest price moves.
While it's not currently an ideal time to invest, see if the stock goes on to form a chart pattern and break out.
EPS growth decreased in the company's most recent report from 69% to 10%, but the top line rose from 19% to 21%.
Agilysys holds the No. 1 rank among its peers in the Computer-Integrated Systems industry group. NCR Atleos and Diebold Nixdorf are also among the group's highest-rated stocks.
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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