Cognizant Tech Solutions Stock Sees RS Rating Rise To 85

Cognizant Tech Solutions (CTSH) stock witnessed a positive improvement in its Relative Strength (RS) Rating, rising from 80 to 85. When considering potential stocks to invest in, one important factor to analyze is relative price strength. The RS Rating, based on a stock’s performance over the past 52 weeks compared to its peers, is a useful metric. Historically, top-performing stocks often begin their significant price moves with an RS Rating of 80 or higher. Cognizant Tech Solutions stock recently broke out of a first-stage flat base, but is now considered extended and out of buy range. Investors are advised to watch for potential follow-on buying opportunities or new patterns. The company reported improved top and bottom line growth in the last quarter, with earnings up -1% and revenue increasing from 0% to 1%. Cognizant Tech Solutions stock holds the No. 15 rank among its peers in the Computer-Technical Services industry group, along with other highly-rated stocks like Globant (GLOB) and ePlus (PLUS).