When putting together your watch list, look for stocks with an 80 or higher RS Rating. Thomson Reuters just met that criteria with a new score of 82.
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IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their biggest price moves.
Thomson Reuters is now considered extended and out of buy range after clearing a 180.42 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 1% earnings growth in the latest quarterly report, while sales growth came in at 1%. Look for the next report on or around Jul. 31.
Thomson Reuters earns the No. 6 rank among its peers in the Commercial Services-Market Research industry group. Moody's, Smart Digital Group and Verisk Analytics 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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