DocuSign saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 66 to 75.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they begin their biggest price moves. See if DocuSign can continue to rebound and clear that threshold.
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DocuSign is working on a double bottom with a 64.71 entry. See if the stock can continue to build the right side, form a handle and break out in heavy trade.
DOCU Earnings
DocuSign posted 39% EPS growth in its most recent report, while sales growth came in at 9%.
The company holds the No. 14 rank among its peers in the Computer Software-Enterprise industry group. Cloudflare and ServiceNow are also among the group's highest-rated stocks.
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