On Monday, BILL Holdings reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 90, up from 76 the day before.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History reveals that the best-performing stocks tend to have an RS Rating of above 80 as they launch their biggest runs.
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While the stock is not near an ideal buy zone right now, see if it goes on to form and break out of a proper consolidation.
Top and bottom line growth moved higher last quarter. Earnings were up 43%, compared to 19% in the prior report. Revenue increased from 16% to 18%.
BILL Holdings holds the No. 5 rank among its peers in the Computer Software-Financial industry group. Coinbase Global is the No. 1-ranked stock within the group.
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