Stocks With Rising Relative Price Strength: Taskus

Taskus (TASK) saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 90 to 95.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the trailing 52 weeks matches up against the rest of the market.

History reveals that the market’s biggest winners typically have an 80 or higher RS Rating at the beginning of a new climb.

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The stock, which is on both the IBD 50 and IBD Sector Leaders screens, has risen more than 5% past a 35.73 entry in a first-stage consolidation, meaning it’s now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings growth decreased last quarter from 190% to 88%, but the top line rose from 49% to 57%.

The company holds the No. 1 rank among its peers in the Computer-Technical Services industry group. Endava (DAVA) and Epam Systems (EPAM) are also among the group’s highest-rated stocks.


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