July 2, 2022

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Stocks Flashing Renewed Technical Strength: Parsons

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The Relative Strength (RS) Rating for Parsons (PSN) climbed into a new percentile Thursday, with an increase from 75 to 81.




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When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s unique rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks compares to all the other stocks in our database.

History reveals that the market’s biggest winners often have an RS Rating of at least 80 in the early stages of their moves.


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Parsons is building a cup without handle with a 45.11 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.

Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 8%, compared to -23% in the prior report. Revenue increased from -5% to -1%.

Parsons holds the No. 13 rank among its peers in the Computer Software-Enterprise industry group. Akamai Technologies (AKAM) and Zendesk (ZEN) are also among the group’s highest-rated stocks.

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