CBIZ had its Relative Strength (RS) Rating upgraded from 68 to 73 Tuesday — a welcome improvement, but still below the 80 or better score you look for.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if CBIZ can continue to rebound and clear that threshold.
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CBIZ broke out earlier, but has fallen back below the prior 79.44 entry from a cup with handle. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings grew 27% last quarter, up from -9% in the prior report. Revenue also increased, from 5% to 7%.
The company earns the No. 2 rank among its peers in the Commercial Services-Consulting industry group. CRA International is the No. 1-ranked stock within the group.
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