The Relative Strength (RS) Rating for Ansys moved into a higher percentile Wednesday, as it got a lift from 68 to 72.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Ansys can continue to rebound and clear that threshold.
While the stock is not near a proper buy point right now, see if it goes on to form and break out from a proper consolidation.
Earnings growth rose last quarter from 13% to 18%. But revenue gains fell from 10% to 8%.
Ansys earns the No. 3 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
