On Thursday, CSG Systems International got a positive adjustment to its Relative Strength (RS) Rating, from 68 to 73.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves. See if CSG Systems International can continue to show renewed price strength and hit that benchmark.
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CSG Systems International is now considered extended and out of buy range after clearing a 49.60 buy point in a first-stage cup with handle. 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.
Earnings-per-share growth decreased in the company's most recent report from 28% to 15%, but sales rose from 1% to 3%.
The company earns the No. 8 rank among its peers in the Commercial Services-Outsourcing industry group. ExlService Holdings, Red Violet and HealthEquity are among the top 5 highly rated stocks within the group.
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