Markets

Stocks Generating Improved Relative Strength: Athenahealth

Shutterstock photo

Athenahealth ( ATHN ) saw a positive improvement to its Relative Strength ( RS ) Rating on Wednesday, rising from 68 to 72.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.

Decades of market research reveals that the market's biggest winners typically have an RS Rating of over 80 as they launch their biggest price moves. See if Athenahealth can continue to show renewed price strength and hit that benchmark.

Looking For Winning Stocks? Try This Simple Routine

Athenahealth is working on a consolidation with a 158.76 buy point . See if it can break out in volume at least 40% above average.

The company posted -7% earnings growth last quarter. Revenue increased 10%. The company is expected to report its latest numbers on or around Feb. 2.

The company holds the No. 4 rank among its peers in the Computer Software-Medical industry group. Simulations Plus ( SLP ) is the top-ranked stock within the group.

RELATED:

Which Stocks Are Showing Improved Price Performance?

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

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.

In This Story

RS SLP

Other Topics

Stocks

Latest Markets Videos