One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Confluent just hit that mark, with a jump from 79 to 83 Tuesday.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of above 80 in the early stages of their moves.
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Confluent is working on a consolidation with a 35.07 entry. See if the stock can clear the breakout price in volume at least 40% above average.
EPS growth declined in the company's latest report from 500% to 400%, but the top line rose from 24% to 25%. The next quarterly results are expected on or around Feb. 11.
Confluent holds the No. 2 rank among its peers in the Computer Software-Database industry group. Commvault Systems is the No. 1-ranked stock within the group.
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