On Tuesday, Global-E Online stock hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 69 the day before.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves.
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Is Global-E Online Stock A Buy?
While Global-E Online stock is not near a proper buy zone right now, see if it manages to form and break out from a proper chart pattern. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The e-commerce platform software firm reported 0% EPS growth in its most recent report. Sales increased 27%.
Global-E Online stock holds the No. 53 rank among its peers in the Computer Software-Enterprise industry group. ServiceNow and UiPath are also among the group's highest-rated stocks.
