The Relative Strength (RS) Rating for GitLab stock entered a new percentile Friday, with a rise from 76 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is GitLab Stock A Buy?
GitLab stock is working on a consolidation with a 54.60 entry. See if the stock can clear the breakout price in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The tech company reported 0% earnings growth in the latest quarterly report, while sales growth came in at 45%. The next quarterly results are expected on or around Sep. 6.
GitLab stock earns the No. 17 rank among its peers in the Computer-Technical Services industry group. ePlus and GigaCloud Technology are also among the group's highest-rated stocks.
