Descartes Systems Group saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 68 to 77.
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IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Descartes Systems Group can continue to show renewed price strength and hit that benchmark.
Descartes Systems Group is building a cup without handle with a 124.31 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Descartes Systems Group reported 16% EPS growth last quarter. Revenue increased 13%. The next quarterly results are expected on or around Jun. 4.
The company earns the No. 4 rank among its peers in the Computer Software-Special Enterprise industry group. Karooooo is the No. 1-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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