Thomson Reuters had its Relative Strength (RS) Rating upgraded from 80 to 86 Tuesday.
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This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 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 of at least 80 in the early stages of their 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 line.
Thomson Reuters posted 1% EPS growth in its most recent report. Revenue gains came in at 1%. The company is expected to report its latest results on or around Aug. 6.
The company earns the No. 1 rank among its peers in the Commercial Services-Market Research industry group. Thomson Reuters and S&P Global 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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