On Monday, Braze stock reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 90, up from 66 the day before.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating of over 80 in the early stages of their moves.
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Is Braze Stock A Buy?
The IBD 50 stock is now considered extended and out of buy range after clearing a 33.70 buy point in a first-stage cup with handle. See if the computer software stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The computer enterprise software firm showed 0% earnings growth in its most recent report, while sales growth came in at 31%.
Braze stock earns the No. 28 rank among its peers in the Computer Software-Enterprise industry group. DigitalOcean, Dynatrace and JFrog are among the top 5 highly rated stocks within the group.
