DXC Technology Stock Reaches 80-Plus Relative Strength Rating; Still In Buying Range| Investor’s Business Daily
DXC Technology (DXC) saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 80 to 85. The stock broke out on Tuesday and is still within buying range.
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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
History reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest runs.
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Is DXC Technology Stock A Buy?
DXC Technology is still within a buying range after climbing above a 30.24 buy point in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The relative strength has entered new high ground, a sign the stock is outperforming the general market in terms of price performance. .
In terms of top and bottom line numbers, DXC Technology has posted rising EPS growth over the last two quarters. Sales gains have been less impressive, coming in at -15% last quarter.
The company holds the No. 20 rank among its peers in the Computer-Technical Services industry group. NIC (EGOV) and Perficient (PRFT) are also among the group's highest-rated stocks.
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