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CDW Shows Market Leadership With Jump To 83 RS Rating

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On Friday, CDW ( CDW ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 80 to 83.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.

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CDW is working on a flat base with a 66.43 entry . See if it can break out in volume at least 40% higher than normal.

Earnings growth declined last quarter from 12% to 11%. But sales moved higher, from 7% to 9%.

CDW holds the No. 4 rank among its peers in the Computer-Technical Services industry group. Eplus ( PLUS ) 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.


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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