The Relative Strength (RS) Rating for GitLab Cl A moved up into a new percentile Monday, as it got a lift from 69 to 78.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The grade 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 top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if GitLab Cl A can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
While now is not an ideal time to buy shares, see if the stock manages to offer and clear an appropriate buy point.
The company posted 156% EPS growth in the latest quarterly report, while sales growth came in at 31%.
GitLab Cl A holds the No. 2 rank among its peers in the Computer-Technical Services industry group. Gorilla Technology Group is the No. 1-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!