CSG Systems International had its Relative Strength (RS) Rating upgraded from 67 to 71 Friday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if CSG Systems International can continue to show renewed price strength and hit that benchmark.
Can You Really Time The Stock Market?
CSG Systems International is working on a flat base with a 57.16 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings growth declined in the company's most recent report from 28% to 15%, but revenue rose from 1% to 3%.
The company earns the No. 7 rank among its peers in the Commercial Services-Outsourcing industry group. ExlService Holdings, HealthEquity and Red Violet are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
