Black Knight Financial Services Meets 80-Plus Relative Strength Rating Benchmark

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On Wednesday, Black Knight Financial Services ( BKI ) cleared a noteworthy technical benchmark, seeing its Relative Strength ( RS ) Rating jump into the 80-plus percentile with an improvement to 81, up from 76 the day before.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.

Decades of market research reveals that the best-performing stocks tend to have an RS Rating of over 80 as they launch their biggest price moves.

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Black Knight Financial Services has risen more than 5% past a 47.65 entry in a first-stage flat base , meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.

Regarding top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Top line growth has not followed the same trajectory, coming in at -1% in the most recent quarterly report. The company is expected to release its next quarterly numbers on or around Feb. 1.

The company holds the No. 5 rank among its peers in the Computer Software-Financial industry group. DST Systems ( DST ) is the No. 1-ranked stock within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: BKI , RS ,

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