On Monday, Ansys ( ANSS ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 88 to 91.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 as they launch their largest runs.
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Ansys is building a flat base with a 155.24 entry . See if it can break out in volume at least 40% above average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 6% to 11%. Revenue rose from 7% to 12%.
Ansys earns the No. 2 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems ( CDNS ) is the top-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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
