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CDK Global Sees Relative Strength Rating Improve To 71

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CDK Global ( CDK ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Friday, rising from 68 to 71.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if CDK Global can continue to show renewed price strength and hit that benchmark.

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CDK Global has climbed more than 5% past a 67.59 entry in a first-stage flat base , meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings growth moved up in the company's most recent report from 12% to 13%, but the top line fell from 4% to 3%. Keep an eye out for the company's next round of numbers on or around Feb. 2.

The company holds the No. 7 rank among its peers in the Computer Software-Special Enterprise industry group. Atlassian ( TEAM ), ( MFGP ) and VMware ( VMW ) are among the top 5 highly rated stocks 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.

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