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Stocks Generating Improved Relative Strength: Zayo

Stock prices increasing and decreasing in value
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Zayo ( ZAYO ) saw a positive improvement to its Relative Strength ( RS ) Rating on Friday, with an upgrade from 68 to 73.

[ibd-display-video id=3105496 width=50 float=left autostart=true] IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.

Decades of market research reveals that the top-performing stocks tend to have an 80 or higher RS Rating as they launch their biggest price moves. See if Zayo can continue to rebound and hit that benchmark.

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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a consolidation and break out.

The company showed 50% EPS growth in the latest quarterly report. Revenue gains came in at 29%.

The company holds the No. 3 rank among its peers in the Telecom-Infrastructure industry group. ( CASA ) is the top-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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