IBD Rating Upgrades: Cerence Inc Shows Improved Technical Strength

On Tuesday, Cerence Inc (CRNC) got an upgrade to its Relative Strength (RS) Rating, from 67 to 77.

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 tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

History reveals that the best-performing stocks tend to have an 80 or better RS Rating as they begin their biggest price moves. See if Cerence Inc can continue to show renewed price strength and clear that threshold.

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While now is not an ideal time to invest, see if the stock manages to form a chart pattern and break out.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 60% to 94%. Revenue rose from 14% to 29%.

The company earns the No. 3 rank among its peers in the Computer Software-Desktop industry group. Adobe (ADBE) and Cerence Inc (CRNC) are also among the group’s highest-rated stocks.


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