Infosys Stock Shows Market Leadership; Shares Jumped Recently

The Relative Strength (RS) Rating for a digital services and consulting company surged to a new percentile. The RS Rating increase reflects strong price movement and outstanding ratings for the company. However, the fundamentals of the company need improvement. The stock has risen by approximately 20% from a mid-October low. In addition to a strong RS Rating, it has an outstanding Composite Rating. The stock is part of the Computer-Tech Services group which has a best possible Group RS Rating.

The upgraded RS Rating puts the stock into the top percentage of all stocks for price performance. The best stocks usually have a strong RS Rating as they experience significant price movement. The company recently announced a contract win with a major pharmaceutical company. The AI platform offered by the company was an optimal solution. The stock has shown unusual strength recently, rising by 11.6% in an eight-day period. However, it has now moved out of a proper buy zone. The company’s ratings are generally positive but improvements in its fundamentals are necessary. Its revenue gains have been mild and decreasing over the past year. The stock holds a rank among its peers in the Computer-Technical Services industry group. Relative price strength is an important factor to consider when researching stocks.