CACI International shot up more than 4% on Friday to an all-time intraday high 305.27 amid rising prospects for the provider of managed networks and engineering services to government agencies. In fact, as of Friday its stock had climbed seven days in a row, for a roughly 27% gain in a week.
Investors may be thinking it likely the U.S. will upgrade its networks. Russia has threatened retaliation against the West for its support of Ukraine with arms and funds. On Monday, CACI stock's Relative Strength (RS) Rating climbed to 93, of 99 up from 91. CACI stock eased 0.7% to 302.24 Monday.
Other Key Ratings For CACI Stock
The new 93 RS Rating means that CACI stock has outperformed 93% of all stocks, regardless of industry group. Research shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they launch their biggest climbs. Additionally, its RS line is at the highest point since July 2020. The relative strength line compares a stock's performance vs. the S&P 500.
Additional ratings include a strong 88 Composite Rating and a middling 67 EPS Rating. One outstanding, and telling, rating is its A+ Accumulation/Distribution Rating, on an A+ to E scale with A+ superb. The A+ rating indicates that institutional investors are heavy buyers of CACI stock. With some 70% of all trades made by mutual funds, ETFs, insurance companies and the like, having that support puts CACI stock in the spotlight.
CACI International's stock ratings have risen faster than its fundamentals. CACI reported an 8% year-over-year drop in earnings last quarter to $3.83 per share. That came after its EPS rose 51%, 51% and then 1% the prior three quarters. Sales edged up 1% last quarter to $1.49 billion.
See How IBD Helps You Make More Money In Stocks
CACI International is now considered extended and out of buy range after clearing a 280 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 line.
Peers In Computer Tech Group
CACI International earns the No. 2 rank among its peers in the Computer-Technical Services industry group. Perficient is the top-ranked stock in the group, and Globant is No. 3.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
