The Relative Strength (RS) Rating for CBRE Group entered a new percentile Wednesday, with an increase from 80 to 87.
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IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.
CBRE Group is now considered extended and out of buy range after clearing a 144.15 buy point in a first-stage cup with handle. 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.
Top and bottom line growth moved higher last quarter. Earnings were up 47%, compared to 10% in the prior report. Revenue increased from 12% to 16%.
The company holds the No. 3 rank among its peers in the Real Estate-Development/Operations industry group. Grupo Aeroportuario ADR is the top-ranked stock 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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