Science Applications saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 63 to 71.
How To Invest In Stocks In Both Bull And Bear Markets
This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating of over 80 in the early stages of their moves. See if Science Applications can continue to rebound and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a consolidation and break out.
In terms of fundamentals, Science Applications has posted four quarters of increasing earnings growth. Sales gains have also increased during the same period.
The company holds the No. 5 rank among its peers in the Commercial Services-Consulting industry group. Stantec 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.
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!
