EPAM Systems Exhibits Rising Relative Strength; Stocks to Consider

Investors seeking outperforming stocks may want to consider those exhibiting strong relative price strength. EPAM Systems, known under the ticker EPAM, has recently seen an increase in such strength, with its Relative Strength (RS) Rating climbing from 76 to 82 this past Friday. This improvement in RS Rating is an indicator that EPAM stock is gaining momentum compared to the rest of the market.

Understanding Relative Strength Ratings

Relative Strength measures how a stock's price performance stacks up against all other stocks over the last year. A rating above 70 indicates that the stock has outperformed 70% of the market, with numbers closer to 100 reflecting even stronger performance. As EPAM ascends to an RS Rating of 82, it signifies that the stock is now outperforming 82% of the market.

The Significance of RS Rating Upgrades

An RS Rating upgrade suggests a stock may be reaching a turning point in terms of market leadership. For investors employing a momentum investing strategy, focusing on stocks like EPAM with rising RS Ratings can be particularly advantageous.

In addition to EPAM, there are other stocks in similar sectors that are displaying promising relative strength, such as Globant SA GLOB, a global technology services company headquartered in Luxembourg, and GitLab Inc. GTLB, which specializes in software for the software development life cycle and is based in San Francisco, California. These companies, along with EPAM, are noteworthy for investors looking to capitalize on stocks with strong upward momentum.

EPAM Systems, Inc. specializes in digital platform engineering and software development services, offering its expertise across various regions including North America, Europe, Asia, and Australia. The company's recent acceleration in RS Rating underlines its potential appeal to growth-focused investors.

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