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Infosys Sees Relative Strength Rating Climb To 72

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Infosys ( INFY ) had its Relative Strength ( RS ) Rating upgraded from 69 to 72 Friday -- a welcome improvement, but still shy of the 80 or higher score you look for.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their biggest runs. See if Infosys can continue to rebound and clear that threshold.

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Infosys has moved more than 5% past a 16.25 entry in a first-stage cup without handle , meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 46%, compared to 4% in the prior report. Revenue increased from 3% to 10%.

The company holds the No. 10 rank among its peers in the Computer-Technical Services industry group. Epam Systems ( EPAM ), Accenture ( ACN ) and Globant ( GLOB ) 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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