In a welcome move, GitLab stock saw its Relative Strength Rating rise from 69 to 79 on Wednesday.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest climbs. See if GitLab stock can continue to rebound and clear that threshold.
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Is GitLab Stock A Buy?
While GitLab stock recently reclaimed its 50-day moving average is not near an ideal buy zone right now, see if it manages to form and break out of a proper base.
The computer tech services firm showed 156% earnings growth in the latest quarterly report, while sales growth came in at 31%.
GitLab stock holds the No. 1 rank among its peers in the Computer-Technical Services industry group. Dave and Hewlett Packard Ent are also among the group's highest-rated stocks.
