Credit: Shutterstock photoOn Friday, SAP ( SAP ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 68 to 71.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if SAP can continue to rebound and hit that benchmark.
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SAP is trying to complete a flat base with a 117.00 entry . See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company showed 17% EPS growth in its most recent report. Sales rose 9%. Keep an eye out for the company's next round of numbers on or around Jan. 24.
SAP earns the No. 17 rank among its peers in the Computer Software-Enterprise industry group. Salesforce.com ( CRM ), ServiceNow ( NOW ) and Ebix ( EBIX ) 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.
