Leidos Holdings had its Relative Strength (RS) Rating upgraded from 79 to 82 Thursday.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
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Leidos Holdings is now considered extended and out of buy range after clearing a 155.45 buy point in a first-stage flat base. 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 moving average.
Leidos Holdings reported 44% earnings growth in its most recent report. Sales increased 7%.
Leidos Holdings holds the No. 4 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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