Infosys stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 75.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to the rest of the market.
History reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Infosys stock can continue to show renewed price strength and clear that threshold.
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Is Infosys Stock A Buy?
While now is not an ideal time to invest, see if Infosys stock is able to offer and clear a proper buy point. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth rose last quarter from 0% to 6%. But revenue gains fell from 7% to 6%. Keep an eye out for the company's next round of numbers on or around Oct. 12.
Infosys stock holds the No. 12 rank among its peers in the Computer-Technical Services industry group. ePlus and GigaCloud Technology are also among the group's highest-rated stocks.
