In a welcome move, Lightspeed Commerce saw its Relative Strength Rating rise from 68 to 74 on Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating north of 80 as they launch their largest runs. See if Lightspeed Commerce can continue to show renewed price strength and hit that benchmark.
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Lightspeed Commerce broke out earlier, but is now trading around 4% below the prior 16.64 entry from a double bottom. If a stock you're watching climbs above a buy point then declines 7% or more below the original entry price, it's considered a failed base. This one is on the edge, but worth keeping an eye on the stock as it stayed above key moving averages.
LSPD Earnings
The company showed 0% EPS growth in its most recent earnings report. Revenue did increase 25%, however.
The company earns the No. 14 rank among its peers in the Computer Software-Special Enterprise industry group. HubSpot and DoubleVerify are also among the group's highest-rated stocks.
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