On Thursday, Huron Consulting Group hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Huron Consulting Group is trying to complete a flat base with a 131.06 entry. See if it can clear the breakout price in heavy trading.
Huron Consulting Group reported 21% earnings growth in its most recent report, while sales growth came in at 3%.
The company holds the No. 2 rank among its peers in the Commercial Services-Consulting industry group. CRA International is the top-ranked stock within the group.
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