GitLab stock had its Relative Strength (RS) Rating upgraded from 66 to 77 Friday -- a welcome improvement, but still short of the 80 or better score you look for.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 as they launch their largest price moves. See if GitLab stock can continue to show renewed price strength and clear that threshold.
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Is GitLab Stock A Buy?
GitLab stock is building a cup without handle with a 54.60 entry. See if the stock can clear the breakout price in volume at least 40% above average.
The tech services company showed 0% EPS growth in the latest quarterly report. Revenue increased 38%.
GitLab stock earns the No. 13 rank among its peers in the Computer-Technical Services industry group. GigaCloud Technology and ePlus are also among the group's highest-rated stocks.
