On Thursday, Bill.com Holdings stock reached an important performance benchmark, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 85, a rise from 80 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves.
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Is Bill.com Holdings Stock A Buy?
Bill.com Holdings stock is now considered extended and out of buy range after clearing a 192.99 buy point in a third-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The financial software firm posted 0% EPS growth in its most recent report, while sales growth came in at 190%.
Bill.com Holdings stock holds the No. 13 rank among its peers in the Computer Software-Financial industry group. Fair Isaac and SS&C Technologies are also among the group's highest-rated stocks.
