Quantcast

IBD Rating Upgrades: Black Knight Financial Services Shows Improved Price Strength


Shutterstock photo

In a welcome move, Black Knight Financial Services ( BKI ) saw its Relative Strength Rating rise from 62 to 73 on Wednesday.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.

History shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves. See if Black Knight Financial Services can continue to show renewed price strength and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

Black Knight Financial Services is trying to complete a flat base with a 47.65 entry . See if the stock can clear the breakout price in volume at least 40% above average.

In terms of top and bottom line numbers, the company has posted rising EPS growth over the last two quarters. Revenue gains have been less impressive, coming in at -1% last quarter. Black Knight Financial Services is expected to report its next quarterly numbers on or around Feb. 1.

The company holds the No. 3 rank among its peers in the Computer Software-Financial industry group. Intuit ( INTU ) is the top-ranked stock within the group.

RELATED:

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock



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 , INTU



More from Investor's Business Daily

Subscribe






Investor's Business Daily
Contributor:

Investor's Business Daily

Investing










Research Brokers before you trade

Want to trade FX?