Synopsys Clears Technical Benchmark, Hitting 80-Plus RS Rating

On Friday, Synopsys (SNPS) earned an upgrade to its Relative Strength (RS) Rating, from 79 to 82.

As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

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

Decades of market research reveals that the top-performing stocks often have an RS Rating of at least 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Synopsys is working on a cup without handle with a 340.76 entry. See if the stock can break out in volume at least 40% above average. Keep in mind that it’s a later-stage consolidation, and those entail more risk.

Synopsys reported 4% EPS growth last quarter. Sales gains came in at 10%.

Synopsys earns the No. 3 rank among its peers in the Computer Software-Design industry group. Altair Engineering (ALTR) and Synopsys (SNPS) are also among the group’s highest-rated stocks.


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