CGI Group Gets Technical Rating Upgrade

CGI Group (GIB) had its Relative Strength (RS) Rating upgraded from 68 to 71 Friday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if CGI Group can continue to rebound and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

CGI Group has climbed more than 5% past an 81.61 entry in a first-stage flat base, meaning it’s now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

The company showed 7% EPS growth last quarter. Revenue rose -2%. Keep an eye out for the company’s next round of numbers on or around Jul. 29.

CGI Group holds the No. 11 rank among its peers in the Computer-Technical Services industry group. Epam Systems (EPAM) and Perficient (PRFT) are also among the group’s highest-rated stocks.


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