When building your watch list, look for stocks with an 80 or higher RS Rating. CBRE Group is one stock that just reached the mark, now earning a score of 81.
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This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
CBRE Group is still within a buy zone after moving past a 144.15 buy point in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
The company posted 10% EPS growth last quarter, while sales growth came in at 12%. The company is expected to report its latest results on or around Jul. 29.
The company holds the No. 6 rank among its peers in the Real Estate-Development/Operations industry group. Grupo Aeroportuario ADR, FirstService and Newmark Group 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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