The Relative Strength (RS) Rating for BlackLine moved into a new percentile Tuesday, as it got a lift from 66 to 74.
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks often have an 80 or better RS Rating as they launch their biggest price moves. See if BlackLine can continue to rebound and clear that threshold.
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BlackLine is building a cup with handle with a 65.10 entry. See if it can break out in volume at least 40% higher than normal.
BlackLine showed 18% EPS growth in its most recent report. Sales increased 10%. The company is expected to report its latest numbers on or around Feb. 13.
The company holds the No. 8 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin, Descartes Systems Group and HubSpot are among the top 5 highly rated stocks within the group.
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