Procore Technologies had its Relative Strength (RS) Rating upgraded from 73 to 89 Tuesday.
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks typically have an 80 or higher RS Rating as they begin their biggest runs.
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Procore Technologies is still inside a buy range after moving past an 86.67 entry in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
The company reported -94% EPS growth in its most recent report. Revenue increased 16%.
Procore Technologies holds the No. 39 rank among its peers in the Computer Software-Enterprise industry group. Enfusion, Samsara and Klaviyo are among the top 5 highly rated stocks within the group.
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