Epam Systems saw a positive improvement to its Relative Strength (RS) Rating on Tuesday before the market opened, with an upgrade from 72 to 92. Currently holding its own as market struggles today.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's proprietary rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior 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 typically have an 80 or better RS Rating in the early stages of their moves.
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While Epam Systems is not near an ideal buying range right now, it is trying to hold a $400.00 floor. See if it manages to form and break out of a proper consolidation in rising volume.
The company showed 16% earnings growth in the latest quarterly report, while sales growth came in at 36%.
Epam Systems holds the No. 3 rank among its peers in the Computer-Technical Services industry group. RCM Technologies and Telus International are among the top 5 highly rated stocks within the group.
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