One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Bentley Systems just hit that mark, with a jump from 78 to 83 Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest price moves.
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Bentley Systems is trading within a buying range after clearing a 40.10 buy point in a cup with handle. It has done so with slightly less than normal volume. Something to keep an eye on if it continues to move higher.
Earnings growth increased in the company's most recent report from -4% to 6%, but revenue fell from 20% to 7%.
The company earns the No. 4 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems and PTC Inc. are also among the group's highest-rated stocks.
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