Smartsheet saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 76 to 83.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Smartsheet is trying to complete a consolidation with a 52.81 entry. See if the stock can break out in heavy trade, not that earnings has been released.
SMAR Earnings
Smartsheet reported 0% earnings growth last quarter, while sales growth came in at 23%.
Smartsheet earns the No. 27 rank among its peers in the Computer Software-Enterprise industry group. Five9 and Cloudflare are also among the group's highest-rated stocks.
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