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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

IBD Rating Upgrades: BlackLine Shows Improved Technical Strength

BlackLine had its Relative Strength (RS) Rating upgraded from 70 to 76 Thursday — a welcome improvement, but still short of the 80 or higher score you look for.

IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest climbs. See if BlackLine can continue to show renewed price strength and clear that threshold.

How To Invest In Stocks In Both Bull And Bear Markets

While the stock is not near a proper buy zone right now, see if it manages to form and break out of a proper base.

The company reported 18% EPS growth in its most recent report. Revenue rose 10%.

The company earns the No. 9 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin, Descartes Systems Group and HubSpot are among the top 5 highly rated stocks within the group.

RELATED:

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Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

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